Hello BP community. I'm trying to get into real estate through buy and hold investing multifamily properties in Virginia Beach area. I've been searching but I can't seem to find out if I can get multifamily properties...
Hello, allI recently listened to the podcast, I believe it was episode 11, beginner's guide. They said a rule of thumb on evaluating purchasing a property is if you can rent it out for around 2% of the purchase price...
Hi, guys and gals, alike. I am new to this industry with learning still my number one agenda before taken most actions. I have seriously been interested in this for a while now and still trying to gain as much knowled...
Howdy! My name is Chris. I'm a drilling engineer working for a small, private oil and gas company in Midland, TX. I've been working in the industry for 5 years after having graduated from Texas A&M. I love my ...
Hello BP,We have successfully sent out a small batch of mailers directed to absentee multi-family owners who have had the property for 10 years or longer and were interested in selling. So far, I have received 3 calls...
So my understanding is correct:
The figure represents how productive the property is relative to its value.
The three figures (NOI, value and CR) seem to flow in a circle
Rental demand drives rent price
The expected ...
I purchased my first properties off market not too long ago and pretty much made up my own way to evaluate them. Probably not the best decision as a newbie, but I think I did OK. I made a spreadsheet that subtracts ...
I've been reading old posts about the "real estate professional" status (of which there are many) but it isn't clear to me if flippers can utilize losses from their rental properties if they don't self-manage their pr...
Hello BP, Amateur investor here that is looking to buy my first MFR in southern California. I wanted to ask the more experienced investors - is there a formula you use if the property has been listed for some time?For...
Hey All! Curious if anyone has insight or experience with buying a 2-Flat property in Chicago with a finished basement that is not technically a legal unit. My plan would be to live in the basement unit and rent out t...