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5 February 2025 | 0 replies
Purchase price: $35,000 Cash invested: $35,000 Sale price: $110,000 A fix-and-flip project purchased off-market from a tired landlord involved buying a distressed property with significant deferred maintenance.
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8 February 2025 | 1 reply
Hello, I’m looking for some information on Investors that might be interested in purchasing a mobile home.
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16 February 2025 | 29 replies
A "miserable corporate job to no where" isn't all that bad - health insurance benefits, 401k matching, probably some sort of discount stock purchase plan, stability, lenders like it.
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27 February 2025 | 9 replies
The type of underlying loan (purchase vs cashout refi) will also affect seasoning requirements for the loan - several dscr lenders will require 6-12 months seasoning on notes that were originated as a cashout refi, even if the property meets ownership seasoning requirements.For fannie/freddie, youre looking at 12 months seasoning for a cashout refi.
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18 February 2025 | 5 replies
This money will be used to pay down some debt I have and also purchase 1-2 additional rental properties.
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10 February 2025 | 2 replies
Hi everyone,I'm in the process of purchasing a 5-bed, 3-bath home in Hesperia, CA, and I plan to rent it out by the room.
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19 February 2025 | 88 replies
If your doing REI to it's full potential, you don't pay 100% of the purchase price up front in cash.
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4 February 2025 | 1 reply
Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000
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21 February 2025 | 9 replies
Purchasing a fully furnished 3-bedroom home minutes from a large hospital and a SUNY University.Whom (at the hospital) would I contact to determine if there is a market for mid term rentals.
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6 February 2025 | 1 reply
Purchase price: $80,000 Cash invested: $145,000 Turning a 3/2 into a 4/2 duplex for short term rentals.