I have been told that sub-metering this building is not a possibility (without spending ALOT of money to redo the plumbing). Currently, we divide the water bill among all the units every 6 months and bill the tenants....
Plenty of people can purchase a house to live in. But how can you leverage that single home into many more real estate deals—enough to achieve financial independence? On today’s episode of The BiggerPockets Podcast we...
As my partners and I begin to find some great rehab deals, it has become apparent that we need to begin to develop a system to accurately and easily complete our rehabs.
I am thinking we need to develop a system that...
I have recently came across what appears to be my first big step into real estate, BUT I have 2 problems. I need a cash investor to get the deal done and I need a very experienced person to help me analyze the deal. ...
This is a question that's been bubbling around recently.My thought is on this form, the majority would take the $1,000,000 to buy multiple homes or multi-family complexes in the hopes of doing better. Meanwhile, many...
I've had a multi-family rental near Syracuse University that I've rented to grad and law students mostly without incident for the past 12 years. However my last batch of tenants struggled to pay on-time every other mo...
My wife and I are buying our first multi-family home and expect to close soon (yay!). We will be house-hacking a tri-plex. One unit is empty that we will live in and the other two units have long time tenants. Both te...
Hi everyone!After a lot of learning & reading I've made my first offer on a 4 family building in Brooklyn, here are the numbers:Price: 1.28M (FHA 3.5% downpayment = 44.8k, closing costs = 32k -> total money dow...
In the today's real estate markets, investors are finding an abundance of distressed inventory and in some cases for prices that are 10% of the "replacement" cost of the property.After quickly glancing at the rents on...
Thoughts about purchasing a brand new home that doesn't meet the 1% rule.
It's near a new elementary in a growing area outside of Austin. 205k, 3/2, rent is about 1500 in the area. It will be my first rental which is...