David Rupp
Figuring Purchase Price
I talked to a man today who said when he bought a couple of rentals 30 years ago, he used a rule of thumb that said "purchase price was monthly rent times 10." Anybody heard if this?I also talked to a lady who is real...
Dawn Novak
Where to invest short term
I have about $36k to invest before we buy a duplex this winter. I hate to have it sitting in a CD earning barely any interest. Was looking at REITS but feel like the market is a little all over the place right now. An...
Matt Wells
When should I choose ACV over RCV insurance for my rental properties?
I often hear people say they pick ACV over RCV insurance when the cost to rebuild would be more than the market value. I don't really understand that. Here is an example. I paid $173k for a duplex, but I have to have ...
Anna Kate Kingston
Flip Opportunity - Need Help Figuring out Funds
Hi all - I'm about to complete my first flip (on the market by the end of the month). Given that, my funds are tied up right now. However, there is an insane flipping opportunity just listed in the same market as a fo...
Frankie Perez
Im looking to buy a rental property in Jax by the end of this month
Hello everyone, I’m looking to purchase a rental property in Jacksonville Florida and I’m not very familiar with this market. Can some of the real estate investors from this group share personal experiences in Jackson...
Rory Fowler
Medicaid questions - purchasing from a relative through my LLC
My grandmother-in-law is moving to a nursing home very soon and my in-laws are planning on putting her house on the market. I have asked them to give me a few days to see if I can purchase it. In my research, I have l...
James McGovern
Exploiting other Real Estate Investors
In the 2021 time, New York investors thought they should be greedy and buy up all avaiable multifamily in Hartford. Now they have come to realize that the renovation costs are much higher than expected and are looking...
Amir B.
How to Calculate RE Deals
Hello BP Community,I was wondering what is the calculation to assess value of a property. For example, there is a MFU property in Fairfield, CA. The asking price is $500,000. All four units are rented out for $900 eac...
Matt Heath
Increasing Rent
Hello Everyone,I currently own a fourplex and am living in one of the units. The average market rent for a unit is $600. My units are being rented out for $525, $525, and $510 respectively. The tenants have been resid...
Alon A.
First Property Investment
Hey
im confused a bit guys, i dont know where to start investing and how to focus on one place and not few. I want to do BRRRR & I have around 120K, where is the best place to invest do you think to start in gene...