Here is the pro forma financials for the property……………they assume 150% occupancy and a 150% rent increase 9.

A 3 bedroom house with two roommates would bring in around $1,400/month, and a home in the high $200k's with 3-5% down would have a mortgage pmt around $2k/month.

Each lender gave me a different answer about the terms of the loan such as required down payments, max loan amounts, and a few other things.

Hi -Hoping to get some advice and/or connect with a potential lender for my scenario.Currently I own a 37 Acre lot with 1 Duplex and 1 SFH. Total rent between the three is $3200/month.I have an adjustable 20 year mort...

I’ve had 2 properties with $20k+ sewer repairs and a few deals I’ve backed out of due to sewer issues that seller wouldn’t retrade on.

I’ve been educating myself and would like more knowledge and a deeper understanding of the real estate world.

But there is a cottage industry for sure in CA in buying Riverside county and San Berdo county high desert vacant land and then reselling them.. and as I mentioned in certain counties in N.

I just bought a property where my lender gave a mortgage on the purchase with 20% down and a second mortgage on some stuff.

W2 income is stable, predictable and as the statistics show, likely much higher than someone will ever earn going in on RE full time.

LMHA gets a staff of a couple dozen people and a big budget to be bureaucratic, the tenant gets cost effective safe housing, and we get steady rent checks)Does anyone else have these issues???