HI BP,This would be my first deal. We are looking for mainly rental units but willing to do a couple flips a year is our long term goals.Our mentor we met recently is VERY experienced nice older gentlemen. First dea...
From what I understand there are four ways to make money from a rental property:
1) Cash flow - Pretty straightforward. Total money you receive as income is more than total expenses.
2) Appreciation - Increase in the...
Hello all,
After reading the BP Beginners Guide, browsing the forums and reading a few titles on the best real estate book list, I've decided that investing in residential performing mortgage notes (1st posit...
Ive been a REI since Jan 2010 when we acquired our first distressed property, a SFH, with the sole intention of rehabbing the house and converting it to a rental. Prior to this I knew NOTHING about being a REI. But...
Hello BiggerPockets family!
I am new to real estate investing and frankly I am not sure where to start. I listen to all the BiggerPockets podcast and I have a friend who has been wholesaling for years and just start...
Here is the story: I have partnered with two other individuals who are passionate about real estate, and have experience with rehabbing shotgun style homes, but I worry they have limited business savvy.The goal is to ...
I have read this term, for example, "buy it 30% below market value" or something similar a lot on BP.My question to you all is, isn't market value relative to what people would sell it for anyway? So how do you know o...
Hi everyone, I was talking with an investor friend the other day and he asked me a question I didn't have an answer for. He asked "So if I were to invest 100k in a multifamily deal, how much would I make total over a ...
Hello all,
I am currently the owner of 2 duplexes, 1 conversion and 1 side-by-side. The conversion was purchased using a down payment of 20% and cash flows $525/m. The side-by-side was purchased 100% LTV (zero percen...
I've been evaluating my first potential deal for about a week now. Owner-occ FHA 4plex. Pretty good location, steady tenants, etc. I run it through the BP rental calculator..it cash flows $28. Not enough to retire...