David Kuhlke
What's a good cap rate for an 11 unit apartment in the Midwest?
Hello BP,I'm looking at a deal, and I need help determining what qualifies as a "good" cap rate for small apartments in the Midwest.Here are the details:11 unit apartmentAsking price: $1.4 millionMonthly rent total: $...
Wade G.
Overcoming the Idea That Paying Off Mortgages Is A Good Idea
Overcoming the mindset of paying down mortgages is a dilemma for me. Considering the low interest rates I am going to refinance a couple of my SFH rentals and my primary residence. It makes financial sense to me to ...
Drew Cameron
Become your own bank
Hi fellow BPers. I stumbled across a book that was mentioned in one of the forums here called "The Wealthy Code" and read it cover to cover really liking the ideas, content and the way it was written. The author wrote...
Ricardo Murph II
Does 8% vacancy and 10% PM calculations make sense?
I am getting ready to close on my first rental this week in the Cleveland area. I have run the numbers and it makes sense for my goals. I have been using the BP calculator using real numbers and rules of thumb. The co...
Andrew James
Help deciding on financing first flip - three ideas
I am considering 3 options to finance my first deal below. I would appreciate any and all ideas/feedback from this excellent forum. Thank you.First some specifics on the deal: This is my first deal. Long on resear...
John Fulton
Amazon: Push a button, sell your home?
We are living during the Cambrian explosion of “push a button” products and services. Push a button, get a divorce. Push a button, get a ride, watch a movie, deliver groceries and alcohol. I personally don’t see the d...
Sherelle Montague
Buying my first home
Hi all! I am going to be purchasing my first home in 8-6 months. I live in the Seattle area so 3.5% down on a multi is still way out of my price range as they go for about 800k and above.My thought was to buy a 2-3 be...
Rita Temple
FHA Loan and flipping first house
So please correct me if I'm wrong. But, I have to reside in the house for a year if it is a FHA loan? What if I was to find a house and use the FHA plus 203k loan, then once I'm ready to sell convert to a convention...
Loren Oatman
Central NY Landlord; inherited tenet !
I have a friend who had a tenet that moved out but had a roommate that was not on the lease. It was February and in Central NY a cold time of the Year. My friend the owner let the roommate stay feeling bad for him. Th...
Brandon Mitchell
Starting Off; Building A “Team”
Hello Bigger Pockets!What are the individuals that you need on your “team” to get started when purchasing a Multi-Family Apartment Unit?