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10 February 2025 | 11 replies
It's near impossible to cash flow when most homes are selling for above $750K, Taxes and Insurance added in the PITI payment is higher than the rents.You can buy a Duplex 2 unit for example in either FL, IN, or OH and not pay more than $200K the rents are typically $1200-$1500 a door.
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14 February 2025 | 7 replies
The 45 days identification time sometimes presents a challenge and if you dont give yourself a little wiggle room you might end up buying something you dont necessarily want/like.
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4 February 2025 | 17 replies
When someone buys a property using SubTo, does that make then legally responsible for the loan?
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29 January 2025 | 10 replies
Focus on getting the first one and try to buy one a year.
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9 February 2025 | 10 replies
Then generally the best advice is to buy in the best area that you can afford, even if the cash flow isn’t as good in year one you will get more market appreciation in equity and rent growth in the better area.
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4 February 2025 | 2 replies
(The power company in MN will offer you a chance to buy the warranty after the furnace/ac is broken and come back the next day to fix for free.)
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30 January 2025 | 8 replies
For context, I'm based in the SF Bay Area in CA and looking into buying my first OOS rental after house hacking locally for 10 years.
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4 February 2025 | 9 replies
Remember, if you sell it, you'll have capital gains that you will have to pay since you are buying the other property before you sell you're old house.
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12 February 2025 | 12 replies
My investments were all what they termed private placement and was essentially funds used for lending, buying notes and recently land trust.After MIdland sprun this on us, my spouse also has accounts, I did some research but didn't see a purpose to remove our accounts at the time.I have not been with ET long enough to give comment on them and what little "issues" occured were technical.
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5 February 2025 | 3 replies
And this is your best chance of house hacking while covering most of your living expense or maybe even cashflow if you buy in the right area.Hope this helps!