I've seen it mentioned many times in this forum that houses in low-income rougher neighborhoods are good for cash flow but not so good for appreciation. The implication is that a house in a nicer neighborhood would a...
Hello everyone, my name is Dan, I'm a blue collar guy (certified arborist) and I'm brand spanking new to real estate investing.
In an effort to educate myself about the business and gain some knowledge, I've ...
When you purchase you first investment(s) property to flip, how do I know what to tell contractors to do, if I have no experience?I have some dry-rot repair experience, from many years ago, but that's it. Do I get a p...
Greetings from Oakland!I signed up with BP several months ago after stumbling across this incredible resource doing some research. I've been making my way through the podcasts ever since.I've been interested in real ...
Hello All,I hope this post finds everyone well and ready for this upcoming Fall! I'm just getting started on my investing journey and I was discussing this HELOC as an option to getting started. What are the pros and ...
Hi BP,
I just found a property where the the Cash on cash ROI should be more or less 10% according to the numbers found on the listing. That being said, I am skeptical about the income stated, as most of the listings...
I have an opportunity to buy in Brewery town. This would be for a rental so a buy and hold. I do not know much about the different parts of the city and hoping someone can help. Is this a good area for buy and hold? I...
Hello Biggerpockets!I recently got a property under contract, when I blasted it out to my vip buyers list every single one of my buyers passed on the deal. Here are the numbers ARV: 375k repairs: 32k acquisition: $280...
Here's the situation:Friend's dad, nearing retirement, owns the property next door to his house as a rental. He is losing money on it each year and owes back taxes. Current mortgage is $88k, $1280 PITI/month. 1 ten...
Stuck an offer in on a preforeclosure. Did some research and found the sales price in 2003 150,850$. Second mortgage at 55K, they have list price of 199k, I have comparables in the area. I offered 170K
wish me luck...