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30 September 2024 | 1 reply
Very location dependent but I know other investors who are doing well and looking to buy more.
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4 October 2024 | 8 replies
Hi Brian,You're on the right track, but to determine if you're truly generating cash flow, it's important to look beyond just your mortgage payment.Here's what to consider:Income: You're receiving $2,100 in rent, which is great.Expenses: Besides your $3,232 mortgage, you likely have other expenses like property taxes, insurance, maintenance, utilities (if you cover any), and potential vacancy costs.If your total rental income exceeds all of these combined costs, then you're generating positive cash flow.
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1 October 2024 | 6 replies
Thinking to offer seller financing to increase interest in the property and I like some of the advantages of seller financing.
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5 October 2024 | 15 replies
I was sent some docs as proof of rental income, but I'd like to know how accurate this is VS what airbnb fees are.
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30 September 2024 | 10 replies
I’ve always done really well buying smaller things like saws and hand held equipment as opposed to renting.
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30 September 2024 | 4 replies
I am needing to replace one as well.
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4 October 2024 | 12 replies
Just looking to help out my fellow investors here in Indiana and post a deal I like.
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30 September 2024 | 8 replies
Planning to purchase in Phx,Az and surrounding areas, my equifax score is 700, experian 645,no debt whatsoever, have 1099 for 2022 and 2023 (required 2yrs), on my 1099s it says i make 135k per year, do not have tax returns (yea, yea), im planning to first start with my bank wells fargo.This would be my first home and at 1st plan to live in it, possible house hack, going for a -$300k loan. should i go traditional, fha , i plan to be on a fixed rate so I dont get surprises later on.In my situation, what down payment amount do you think will be needed .
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1 October 2024 | 8 replies
An investor-friendly lender will help you devise a plan for savings and debt paydown.I'd also begin looking into which areas you'd like to invest in as well as strategies to utilize (i.e. househacking).
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4 October 2024 | 9 replies
But maybe to him it will seem like I'm doing a lot since he's never been a real estate investor.