Hi Everyone! I have a rental property with the following details:210k loan balance $2500/month rent$6000/yr in income after PITI and costs todayIf I pay off the remaining balance on the loan, I will have over 10% cash...
I was just reading Ben's latest blog post and he brought up some real numbers after owning 100 doors. His experience has led him to the conclusion you need to get $1000 per month(sfh) in order to cover expenses and st...
I always find it interesting how I come into these forums and I talk to people in everyday life and they all say the same thing. "How do I get from where I am now, to where I want to be in life?". Often referring to f...
Hello all!I’m preparing to close in a few short days on my second investment property: a cash flowing, fully occupied 4 plex! Though I’m hoping that this new chapter in my investing career is as promising as It looks,...
Hello BP world and happy holidays!I'm new to BP and have been listening to one youtube video on my commutes to and fro work for the past 2 months. I own 2 free and clear properties in south Texas ( one is a solid 3/2 ...
I've been making offers on a lot of properties lately, and it seems like there's just so much competition out there. Seems like more and more people are becoming buyers everyday. Understandable, since prices and rat...
Hi, we have a tax deed auction coming up in PA, with over 1500 properties on it. I've been doing a lot of research and still have some questions for those who have done this before.
1) If a property has a long drivew...
Hello,
I am looking to buy my first property and employ a buy-and-hold strategy whereby I'll rent a single-family home to tenants (cash flow positive). I am looking at homes in the $70k-$90k range in Raleigh...
So I have come across a "deal" in which seller financing is an option. However, I am not sure about the numbers, and would like to post it to the BP community for some guidance. The seller is straight forward, and w...
When is the optimal time to purchase multi-family residential property? With the impending recession, what are some considerations for aspiring investors? What echelons of property should be honed in on? Which shou...