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Results (10,000+)
James Whitehead Portfolio of six homes, worth the investment?
24 May 2024 | 6 replies
This house currently has no renter though they are actively looking to put one in the home.House 5. rents for $725/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $275/m after mortgage payment are made.House 6. rents for $725/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $250/m after mortgage payment are made.To be able to make this down payment I have the option to:HELOC my current home which cost me about $850/m in repayments OR I can find a hard money lender who would be interested in working with me, I am currently putting together a hard money lender proposal to show a couple family members that would basically look like this: No repayment in the first 12 months, all income going into an account to allow for repairs and emergencies, after that taking the cash flow and splitting it 75/25 to the lender paying it off in approximately 13 years, sooner if we can make extra payments on it and giving the lender an 8% return on his money(about .5% less than what I was quoted for my HELOC).ORI can potentially do a deal with my brother who is also looking to get into real estate and we split the properties 3 a piece.These properties are right outside of a military base in a low income city but have done well for the family currently owning them with consistent long term renters in them.I am looking for any advice as to whether or not this is a deal worth pursuing.
Daniel Dass Seller Financing help
23 May 2024 | 5 replies
Hello,I am a young investor looking to get knowledge on how to utilize seller financing to obtaining 2nd rental property.I bought 1 single family home in Tilbury, Ontario in 2021 and it is not cashflowing AND not able to sell right now as locked in mortgage until 2027.I do have some cash, but not enough for a 2nd property, and I seen plenty of off market seller financing - but I just don't understand the whole seller financing business to obtain.
Tony Nuttall Which one and why
23 May 2024 | 6 replies
One is a duplex, and the other is a single family.Which one to buy?
Allen W. Wort Tenant Ever - Baltimore
23 May 2024 | 14 replies
Worst Tenant Ever - -Unpaid rent since moving in (6 months)-Refused me entry into my property for inspections-Got gov assistance check for rent, forged my name and tried to cash it in her own account.
Isan Sahoo What's the STR forecast for 2023?
24 May 2024 | 100 replies
I have a single-family home in Ft.
Casey Haight Trying to learn how and where to start with rental properties
23 May 2024 | 3 replies
The general rule of thumb for single-family rentals is the 50% Rule: that half of the rent will go to non-mortgage expenses.
Tracy Scott HOA Approval for House Hacking?
23 May 2024 | 4 replies
@Tracy ScottScour the HOA docs for wording involving occupancy such as, "not more than three (3) persons not related by blood or marriage living and cooking together as a single housekeeping unit."
Eileen L. Selling SFR to buy Multi-family
23 May 2024 | 8 replies
In the Reno, NV area there are single family portfolios that are out performing the multifamily. 
Alyssa K. Cozy allowed payment reversal that withdrew previously paid rent
22 May 2024 | 90 replies
Zelle is pretty strict and I was never able to get it to raise limits enough for me to receive even a single payment.