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5 February 2025 | 35 replies
It's only dead if you are spending too much on your purchase.
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22 February 2025 | 3 replies
Purchase price: $317,000 Cash invested: $55,000 I acquired a Quadplex in 2021 with an FHA loan, investing ~$21,000 in down payment and closing costs, plus $30,000-$35,000 in remodeling.
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24 January 2025 | 3 replies
I wrote the above for informational purposes.
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22 February 2025 | 4 replies
Purchase price: $65,000 Cash invested: $11,000 Our first investment has been a long time coming.
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22 February 2025 | 0 replies
None of these strategies are new, all existed when I purchased by first investment but none were as popular as they are today.
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11 February 2025 | 4 replies
There are some HOA's that are in such bad shape they wont allow any type of loans and it must be a cash purchase.
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5 February 2025 | 2 replies
You've shared so many gems and described a realistic depiction of purchasing an investment property.
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12 January 2025 | 3 replies
Meet with a local banker & schedule a time to talk with a mortgage broker, they'll give you at least a baseline of what kind of down payment options and rates are out there.After that, if you're still wanting to research more creative options, do some looking into seller financing (a very hot topic with good, and bad, advice out there), look into private lenders, and commercial financing options.If you're wanting to live in 1/4 of your quadplex, then conventional residential loans may in fact be your best option as you can purchase that with a fannie/freddy loan with very low down, and use up to 75% of the income from the property toward your own income.
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22 January 2025 | 15 replies
@Jay Fayz for SFR (1-4 family) Classifications are mostly opinion-based.Not aware of anyone tracking eviction rates, except Evictions Lab nonprofit that doesn't like landlords.Here's some info that might helpt:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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23 January 2025 | 11 replies
The information contained in this post is not to be relied upon.