Hi everyone - So, I'm new and looking to get into RE investing. I'm intrigued by land flipping for multiple reasons: low $ barrier to entry, overall simplicity (vs dealing with leases and tenants and property manageme...
The house is in a non appreciating area....section 8 renters will be my tenants. Not sure if the numbers will allow me to refinance enough cash out for another project. At 10,500 purchase price cash from my pocket....
Hey there! Hope everyone is doing amazing.I am located in Charlotte, NC and I will be renting out my property for the first time somewhere around August. There are a couple of repairs that I will have to get done on t...
Hi, I have a rental in which the sewer main runs through the neighbors property to the street. The main was crushed per the line camera and the section is on their property, likely their front yard. I cannot get a hol...
What percentage of monthly income do you budget for repairs? (Small multi unit family)
Hi All,I would like to hear your comments about the following property, which I think, based on the analysis I made, seems to a be a potential good investment:* Purchase Price: $98,000* Monthly Cash Flow: $310* Annual...
I'm constantly reading on BiggerPockets investors saying you need to buy rental property, break even, and hope for appreciation and/or lower rates in the future to cashflow. WRONG!!!
I'm here to tell you I'm still fi...
Hi all,
I've been trying to find updates of the 1% rule and whether it's working in 2024, specifically when you're using a mortgage at 80% LTV, 30-year mortgage. Looking at rates today, if I were to buy a property fo...
Sorry if this offends anyone. Also thanks for everyone who has responded to my other questions. This message board is awesome! True learning takes place here at BP forums with real people in real situations.
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Hello BP,so I have acquired 3 turn-key properties since when I started in Summer and in process of closing on 2 more.Out of total 5, 2 are relatively close by (PA and NJ) and I have seen them and believe those are gr...