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I’m looking at a property to be our first one. It’s a four plex in what my agent says is a c area. I feel like I am running these numbers very conservatively but wanted to see what people think about the numbers below...
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Generally speaking, do upgrades such as kitchen remodeling, flooring, and bathroom remodeling cause the same forced appreciation as single family homes or similar properties?
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I listed my unit for rent. I repeatedly mentioned a 600 credit score. The prospect emails me back to tell me about their hardships. They mention family, health, they can pay upfront but how can I let them down? The cr...
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Hi all,
I have a verbal accepted offer on a house for $48k, with a long term tenant since 2008 paying $625 in rent (subsidized by County). The cash flow is bad at $75 on a 30 yr. But, it's a big 3/2 in a decent area...
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Hi All!
What is the difference between a FHA 3.5% loan and a conventional loan putting 5% down? From my understanding the FHA has more fees?
Is a good strategy to buy a fourplex with an FHA loan and then after a ye...
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Hello BP family,
My wife and I had the opportunity to look at a duplex last night. We love it and want to jump on it, but the numbers are not the typical ones I see.
Price: 250k (we live in rural Indiana)
Units...
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WE are in the process of selling some land in Georgia we inherited back in 2014. We are Georgia residents. Without going into detail it was part of "gift" giving on a planned inheritance schedule below the max gift th...
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Hey y’all! I need help analyzing a potential BRRRR deal.Purchase price $215kARV: I’m not exactly sure. I cannot find any comps that makes sense. I’m thinking (more so hoping) high $200s. The house itself doesn’t need...
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New to the REO game but recently put in a strong offer and was told by the broker that the offer had been accepted. P&S and addendum have been signed and uploaded. I was then told that a competing offer had been...
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Hello biggerpockets family! Im 24 and I work in Schaumburg Illinois, a northwest suburb about 30 miles out from Chicago. At the beginning of this past summer in 2013, I was promoted to a sales job from porter at th...