By renting out both of our properties, we will generate enough income to cover the rent of our new home.  

What would expenses be over the next 1-5 years.If you buy a $500,000 home in New Jersey with 10% down and a 7% mortgage, your monthly payment will be $4,000 or more (including taxes, insurance).

Hey All, Brand new to BiggerPockets as of today. 

I'm looking to flip a home in the Ocala FL area and am looking for a new contractor. 

With only 2 weeks left maybe it's hard to get new loan and pay it off. 

They passed new loan regulations where I only need to put 3% down on owner occupied 2-4 units, which is where I plan to start.I do have skills.  

There are many versions of a correct answer to this question. if you are new, it might be worth considering a basic single family home first and foremost.

I'm new to this so please bear with me.

The LLC is the new owner of the property so a policy that is just in your name is not providing any coverage.  

So if you can target a little nicer property you can enjoy better interest rates for your long term hold.