I own a 1 bed/1bath condo in the DC suburbs. I bought it for $227K in 2007, with about $48K down. I refi-ed a year ago to a 20 year/3.875% mortgage. When I refinanced, it appraised at $190K. My current mortgage...
Ok so I know not to live too strictly by the 50% rule and it is used in order to give a rough/quick analysis of properties.
That being said... I've seen some explanations of the 50% rule that doesn't quite make sense...
I am a newby, I have found a property 3months in default the owner walked away from. I would like to secure contract and assign to an investor. No forclosure notice has been given yet..2 weeks on early Sept. estimated...
Hello, My name is Ken Hughes and I am from Melbourne, Fl.
I have an extensive background in management and working with people.
I am a newbie and looking for all available resources to grow my knowledge base. My ex...
Hi everyone,I’ve always loved real estate and in coming across BiggerPockets, I feel like I’ve finally found a way to turn that into a way to create income and financial independence. By day, I work in consulting and ...
First post here, and noob in the game of real estate investing. I've been reading and learning on here quite a bit, and decided to take action recently on a rental property in Columbia, SC. I was actually supposed t...
Hello BP,
So I have a plan and would like to know what you all think of it and if you have any advice, or catch anything that I may be missing.
I am 20 years old and plan on moving out soon, I work full time and am...
I am currently looking into a 7-unit apartment building on RedFin.Location: Chicago IL, North Lawndale, low income, high crime neighborhood.Asking price: 450,000Total monthly rent income: 7162Well maintained (so claim...
I've bought 3 houses with conventional financing and the traditional 30 days closing from the MLS. Easy enough with the agent, title co, and lending all doing their parts. But as a newbie, the initial process of maki...
Hi all I am just starting out in the world of investing! I was looking for some input on buying and holding in college towns. I have found some condos within walking distance to Alabama University and was wondering is...