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7 January 2025 | 16 replies
The two 4-bedroom units even have two full-size washer and dryers each!
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14 January 2025 | 2 replies
I think I went through 3 different people that were over my account because they would quit.
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16 January 2025 | 12 replies
I don't like the returns but we use regular savings accounts.
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15 January 2025 | 4 replies
Quote from @Account Closed: Honestly have no clue, but my guess would be contact a lawyer who specializes in real estate.I am also trying to get a hold of other wholesalers in my area and real estate agents.
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10 January 2025 | 22 replies
Take into account your mortgage, a property management company and other expenses and you are lucky if you net $300.
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3 February 2025 | 11 replies
It’s like you bought the properties with a 30 year loan and are putting the rest in to a savings account.
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10 January 2025 | 26 replies
Not sexy as Lexington but bank account is the ultimate measure of success
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6 January 2025 | 5 replies
DSCR or Fannie/Freddie loans can go up to 75% on single family homes, multi family homes (2-4 unit) max at 70% if you stick with Fannie/Freddie.Other things to consider would be:Paying points for a lower rate vs higher rate with no pointsIf going DSCR - Prepayment penalty term (0-5 years)The lower the loan size ($200-250k and lower), you should consider paying up to 2 points and doing a 5 year prepayment penalty if going DSCR.
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2 January 2025 | 9 replies
In Chicago you request a CHA Burden sheet and that gross number minus utility allowance will be what you get in addition to making sure bedroom size is adequate.
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27 December 2024 | 3 replies
For those of you that have good w2 income and want to take advantage of employer matching (100% return!), how do you tap into that money to scale your portfolios? The way I'm looking at it, if my spouse and I only do...