So, I read earlier that Fannie is going to restrict second home and investment loans to 7% of the total portfolio. Calling all of the financial gurus on this one ... how will this affect BRRRR? Expanding a portfolio...
First post on BP and am excited to start my RE future. I’m looking at a 6-unit property that is capable of big cash flow. My calculated CAP rate is 11.53%.The major snag is 3 of the units share 1 bathroom. The othe...
Looking for alternatives to Home Depot and Lowe’s and other big box stores for a minor rehab I’m doing. Specifically bathroom vanity sets (cabinet, under mount sink, and vanity top). There has to be other places out...
PSA for syndicators: The SEC has published a proposal for unlicensed capital raisers (people with no broker dealer license) to get paid transaction-based compensation. You have 30 days to submit comments to the SEC fo...
I am currently in the market for a home to rent to my friends or other college students. The area I am located in has most leases beginning June 1st and most students begin to look for homes starting in December. I am...
What are y’all thoughts??? Good Bad??? Have you had any problems??? Me myself I think it’s a great source of Income!!!!
Hi all-
During this quarantine, I was furloughed from my sales job and I began to read anything and everything Bigger Pockets related.
I decided to start the 63 hour sales associate licensing course. I just finishe...
Hey BP,
I am currently active duty Navy as an Electrician's Mate and have less than 6 months before getting out. There is a program called Skillbridge that allows transitioning service members the opportunity to inte...
I put aside about 15k (and counting) that I am solely dedicating toward getting into real estate. I have been looking into turnkey properties outside of my home state and as of now my interest is to start out in a buy...
Investment Info:
Condo buy & hold investment in North Bergen.
Purchase price: $158,000
Cash invested: $50,000
1 bedroom condo in upper North Bergen. Tenant in place with good payment history. Ren...