
11 September 2017 | 26 replies
You are not going to continue to invest time and energy in monitoring rent collection.

15 September 2017 | 2 replies
I'm so excited to continue my journey and would love to connect with people in my area to share advice and opportunities.

14 September 2017 | 6 replies
Philadelphia, PAList price: $1.035MUnits: 23BUILDING SIZE: 16,236 SFGross Income $188,760Operating Expenses $100,614Net Operating Income $88,146Pre-Tax Cash Flow $33,515Rents vary but the average is $668 and there is value addBy my figuring I'm looking at: Monthly Income: $15,718.00 Monthly Expenses: $13,487.39 Monthly Cashflow: $2,230.61 Pro Forma Cap Rate: 7.14% Cash on Cash ROI: 2.27% Purchase Cap Rate: 8.73%Do you all think its worthy of continuing to pursue further?
11 September 2017 | 3 replies
I'm just suggesting you play it a little safe until you get your feet wet, or you are liable to throw in the towel like I've seen some investors do.

11 September 2017 | 3 replies
He or she will be notified of being tagged so that the conversation will continue.

21 September 2017 | 27 replies
I also hope to experiment with using Airbnb's platform for some of my future properties.My current plan is to continue saving up money through frugal living, hustling with freelance design jobs, and selling real estate as an agent to purchase my first house hack.

11 September 2017 | 15 replies
And all other low down payment options are off the table.Would you be able to clarify what other criteria comes into play if I have other properties in the same area?

16 September 2017 | 3 replies
HI I purchased a home in a multi unit (R4), high density zone.I am currently renting the house cash flow is just $50 after mortgage payment.This house has a big workshop in the back with a high rise ceiling, brand new roof, electricity and water.It sets in a half an acre lot so I am able to rent the workshop and land for $700 a month Total cash flow on this property is $750 a monthI'd like to enclosed this workshop (it has 3 brick walls already built) and make it into a livable place.I can still rent the land and keep the cash flow at about the same amount ($700).However there's no sewer at this house just 2 septic tanks attached to the main house.Workshop will need:windowsanother walldoorscooling and heating systemBathroom etc...I can build build more units attached to the current workshop since there's so much land to play with but i have no idea of the cost.I purchased this home for $150k in 2016I owe 143Klast month I paid for an appraisal and the current value is at $185(flooring was the only improvement at the house).Question is should I refinance and bring in sewer line, build more units or live it the way it is?

13 September 2017 | 11 replies
I'm obligated to have the duplex as my primary resident for 12 months, although from my understanding the only way to verify that would be the mail continuing to be mailed to that address.

19 September 2017 | 12 replies
I know many people who pull the 30% from a line of credit because they do not have the down payments and then finance the deal via a mortgage through a corporation to hide the fact that they used a LC but again you are now 100% leveraged...You are young and your risk tolerance may be higher then some but I have bought and sold many dealswhen you are playing the "no money down game" it usually never ends well....