Purchase price- $22,000
Taxes- $365 annually
Insurance- $250 annually
Repairs- $4,000
Rent- $500-$600 month
Property management- 10% of rent
Planned repair cost- $1,000 a year
Months not rented- $750 a year
Good d...
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Hey BP,
I have heard in the past to avoid properties with window units (no central A/C). What are the thoughts of the community?
Thanks,
Jeff
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Greetings everyone! I've excited to be here! My name is Shane Davis and I currently live in Grand Rapids, MI. I own a CrossFit gym here in town but am looking to begin building another business in RE. I began looking ...
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Hello BiggerPockets! My name is Sean Winkler. I live in a rental in Edmonds Washington with my wife, Taylor. I do not have any background in real estate. I currently work at Audi Seattle selling and leasing the nicest...
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Hey Guys,I'm relatively new here but have been listening to a lot of the podcasts, as well as reading the articles/forums. Here is a high-level breakdown of the 4-unit property I have been considering:Asking Price: $1...
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I'm in the process of negotiating a deal and come here for advice. I'm having trouble getting my thoughts together as I have opposing point of views.Location: "B-" area / development in a "A" town with "A" schools. ...
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I still working on landing my first multi-family property. I have my eye on a particular property. My past experience has been live-in flips so I need some help here. Is this a deal?Property is a 5 unit building an...
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should I still do a cash out refi if my cashflow drops down? I have a condo. Usually not a good investment but it used to be my primary that I turned rental 2yrs ago. Right now mortgage is at 4.5% total with taxes ...
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Did anyone own any fourplexes (or other multifamily) during the last housing crash in Seattle? If so, would you mind sharing your insights on how it performed during the crash? Did the property value dip X%? Were you ...
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Hello all,
My name is Arran Cooper and I'm a new real estate investor based out of Washington, D.C. I've been a commercial mortgage broker going on 5 years now and, after working on financing numerous commercial rea...