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8 June 2024 | 24 replies
@Hitanshu Shah-congrats...assuming the 4 plex will be a rental - your best bet will be 25% down and likely a 30 yr fixed program ....if you plan to sell or refinance the loan within a few yrs - focus on the option with the lowest loan fees
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10 June 2024 | 5 replies
They should be able to send you an address of a rental they own.2) If they plan on sharing a BP Calculator sheet for each and every property they send you.
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10 June 2024 | 49 replies
It’s crucial to have a clear plan and build a support network, whether you choose to invest locally or out-of-state.
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11 June 2024 | 3 replies
It's the old plan for the worst and hope for the best scenario.
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9 June 2024 | 4 replies
At closing I paid all of my insurance for the year so right now it is closer to $600/month.
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9 June 2024 | 9 replies
Even with the 90% LTC, I still needed to come up with nearly 20k to get into a 75k property after fees and insurance and all that junk, plus since the rehab draws are reimbursements, I needed to come up with the initial 10k for the first draw myself, so that's 30k of liquidity needed for a relatively cheap property.
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11 June 2024 | 46 replies
However, I'm sure many people have, especially if they have images or floor plans of the houses/other features and lots of data.
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10 June 2024 | 0 replies
On top of that the tall ceiling height on the 1st floor presented a great open floor plan concept.
10 June 2024 | 7 replies
My original plan was to update and flip it , pay off the heloc and use the profits toward buying my first rental.
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12 June 2024 | 23 replies
Unless you also had plans for new builds in the near future, in my opinion, there's much better investment options available in the immediate area