Your ideas on the numbers would be interesting. The comparison is between buying two older $60,000 rust belt houses which rent for $1,000 per month, vs buying one newer sun belt $120,000 house which rents for $1,000 ...
I get all of the emails from the major wholesalers and lots of independents too. It seems like every single "deal" I see has a grossly inflated ARV, underestimated repairs or shady neighborhoods. Has anyone here actua...
Hi All! I am finally in the process of buying my first triplex in the Kansas City area. Very excited and also very nervous! I am really hope for some advice (the good, the bad, and the ugly), regarding the property an...
Hi All!This is one of my first posts so bear with me...I currently live in Newport Beach, CA but am relocating back to Charlotte, NC here shortly in the next ~ 2 months for various reasons. I have been listening inten...
How much is a rough estimate to demo an existing house to build new construction? Existing house of a property we are considering needs so much work I think it would be more beneficial to completely demo and rebuild....
Hi everyone,Used to have another biggerpockets account but i don't remember the login, wasn't too active anyway.I'm an experienced investor looking to test out the Detroit market.My current market is Ohio and buy abou...
Hi BP community, this is my first post! I am looking for a 4 unit multi-family and have identified some candidates. I want to know if using 7% (of gross rental income) for repairs, 7% for cap-ex, and 7% for vacancy is...
I think about data a lot. In fact, it's what I do for a full time job (data scientist). Part of what attracts me to BiggerPockets is the valuing of clear metrics such as COCROI, being careful about estimating potentia...
My husband and I recently launched our STR end of December 2023 near Savannah, GA and are already booked through mid-April 2024 with some bookings in May 2024. Hurray!We are looking for our next STR opportunity and i...
Hi Everyone,(LONG POST WARNING :: LOTS OF THOUGHTS) I came across an opportunity to purchase a multi-unit building for an amazing price. It was one of those "this is way too good to be true" situations and figured I n...