Danny Webber
Why "Financial Freedom" is a myth and "Financial Health" should be your goal
People peddling "Financial Freedom" in the form of a course/class do not understand the term.The term "financial freedom" is often used to describe a state of being where an individual has enough wealth to live their ...
Tom D.
My Parents Want To Leave Me Their House . . .
My parents have made a will leaving me their home. They're in relatively good health, however, I've read horror stories of families losing homes to medicare. So, I asked them to meet with a lawyer, thinking a living...
Eric S.
First rental with a lot of equity - WTD?
First off, thanks for any replies in advance, as this is my first BP post!So I still have my first primary home that I was fortunate to have bought in 2013 (bottom of the Fairfield County CT market by rough estimates)...
Jerry Evans
I need another pair of eyes, please, help analyze this deal
(11 unit complex)Asking Price: $80k 25% down: 20kMonthly rent(s):5k Property tax: $282($3,380, 2015 tax year)Estimated mortgage: $250 (20 year loan)Utilities: $425Vacancy: 10%= $500Repairs: 20%= $1000PM: 10% = $500To...
Dale Tucker
Good deal?
Hi all. We're new to real estate investing and getting ready to look at a 4 unit locally. Great community, top schools, upscale area. They're asking 325k (price just dropped 15k). Stated gross income is $41k per year ...
Brett Allen Crisp
Righting the Ship
Hello Bigger Pockets community! Other than my newbie intro, this is my first official post on the boards: of course it involves a question, but first a little background: I currently have a rental home in Florida (m...
Anthony Rullo
Am I overestimating my expenses on the Rental Calculator?
Hello BP Community! Long-time lurker, First-time poster. I'm looking to make my first Multi-Family purchase to rent out. When I plug all the numbers into the BP Rental Property calculator, every property I check is op...
Adam Craig
Looking to make first offer on an apartment - check my numbers?
After 7 years of the single family rental/flipping business I am finally ready to get my feet wet with a small apartment building. I have lots of single family experience but I am hoping for some guidance on my first ...
Account Closed
Buying properties to simply break even?
Hi all! I know what you all are thinking.."investing for 0 cash flow?" but looking at the current market in my area that's how the numbers seem to work. In my area, Phoenix Arizona (specifically Tempe, a college town)...
Naveen Kumar
Cashflow analysis stumping me
I have been crunching numbers on a lot of properties and so-called-deals and not sure if I am missing something, or just not seeing it.Purchase Price - 100,000Loan Amount - 80,000 (@5%, 30-yr fixed conventional)Rents ...