I am looking for some advice on my next RE venture. I have a small 2/1 SFR in southern California that currently rents out for $1,295 per month with very stable tenants. The property is financed with a 30-year fixed n...
All:I'd like your help in structuring a creative solution to buy a 6-plex that is physically in good shape, though financially it's a mess. Here are the details:"Ask" price is $299K, though Seller's Agent has suggest...
I am looking at a mobile home park with the following:42 lots in all- 34 lot rent only, 8 park owned (only vacancy is 1 park owned home getting ready for a new tenant)-Double wide lot fee is 225/month-Singlewide lot f...
Hey there, I’ve recently come across this concept and after doing light research I cant seem to find anything wrong with this personal finance system thus far. I got a quote to see what the cash value is year 1 and it...
I do apologize for the long post here, but there’s a lot to get out here.I’m posting in hopes of getting real data and information from folks before making the plunge into my first RE deal. I need a mental adjustment ...
Hello BP. I am wanting to get into real estate investing, more specifically larger multi family. I have book knowledge and from BP Podcasts but I don’t have any experience yet though and was wondering tips on how I sh...
I'm sure many of you have been here. YOU are getting into real estate investing and are very passionate about it. You become so passionate about it, you talk about it a LOT. You want your spouse to be passionate about...
Sorry, I asked the wrong question. I meant to say What is a good cap rate? How do you determine what CAP rate you should strive for?
Thanks!
Hi All, I've not only been a long time fan and consumer of BP, but I've had a goal of house hacking a 2-3 unit multifamily property for a couple years now to help facilitate not only an increase in savings from my W2 ...
Purchased a 1 bedroom condo for $180,000 in late 2008. Current CMA value is $130,000. Reserves: Reserve fund was $16,000 in 2008, but NO reserves remaining. There have been no reserve studies.Financials: The condo c...