Purchase price: $118,000 Cash invested: $30,000 This is a single family property this is rented by the room.

We are flexible on the location to a certain degree, but would not want to go south of the perimeter. 

Hey everyone, I am learning to get into RE investment field, my plan is taking out equity of first primary house to buy another one for rent (single or multi family).

We're looking for buy-and-hold long term rental properties that need minimal rehab work to be rent-ready.If anyone has any banking recommendations in Michigan I'd love to hear them.

I was hoping to get some clarity on the rent collection functionality of the stessa/rentredi platform, versus hiring a property management company.

.- Additionally, we will use the loan to remodel our current home and rent out. 

Just remember to notify your lender and the title company and disclose to the lender who will be the members and guarantors before the loan is underwritten.In most cases, form the LLC in the state in which you live or the property is located.

Someone didn't hang up the phone and actually IS interested in selling (the first time this has happened so far). the only thing is the home is a mobile home located in a senior community.

They can take time with their search and be more selective about a property’s location and condition.

Buying a duplex may offset living expenses, and may be a few hundred dollars cheaper than renting.