Manny Oviedo
New Investor - How do I expand out quickly?
Hello All,
I'm new to BP, and I look forward to meeting many of you! I could use some help to figure out my next steps in this journey to be as successful as you all.
My journey started last year, April 2021 when ...
Allen Collins
Lender that will use only my W2 income and not my business
Hey everyone! I’m trying to get a loan from that won’t they won’t have to consider my business. My W2 income alone would qualify me for a $600,000 loan but when they apply the losses some of my businesses took I can’...
Tyler Kirk
Best way to evaluate a 4 plex??
I am curious as to what everybody uses to evaluate a 4 plex to determine if it's a good deal or not. Should I be using the 1% rule like a SFR or should I evaluate it based off the NOI and Cap rate?I have seen two ways...
Matthew Ficorilli
Buying real estate to offset other businesses
I have a general question about business and real estate. I keep hearing places that people often buy real estate to offset other businesses. Is this just for tax purposes? I need some more detail on this subject. Tha...
Bruce Clark
Have a good property but I'm low on cash. Does this deal work?
Property purchase price is $100kTotal monthly Rent is $2,000After all expenses are paid, including management of $200 per month, the cash flow is $600 per month.I found this deal, but due to other pending deals, I do ...
Account Closed
Multi-Family Deal
Disclaimer: I have want to start investing and have listened to many podcasts. I have not actually invested yet but want to start. I am a REA and have access to our MLS. I have heard of the 2% rule and think I underst...
Faysal Alam
How can I make this happen ?
Hey guys ! I'm 23 years old , I have a w2 job making only 200/week with another 200 in tips , along with that , I work for rideshare companies making around 400-600 a week , so in total making around 800/week minimum ...
Kumail Zar
Analyzing Property Purchase
Currently looking at a multifamily property.Purchase Price- $371,000Rental Income- $310025% down with taxes/ insurance makes mortgage -$2,040The property is turn key and has been fully redone over the past two years....
Robert Gailie
Possible first deal
Hello all I found a property I am looking into. I looked at it and it's very nice everything is recently updated. It is a 3 family and according to the realtors information it is a 2 2 bedrooms and 1 1bedroom. The fir...
Tommy Loretz
Property Management Fee - % of Net Income
Hello - Wondering if any investors have experience working with a property management company that charges their fee based on a percentage of net income (after operating expenses) instead of a percentage of gross rent...