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20 November 2024 | 1 reply
If you're in the DMV/Baltimore area, please reach out!
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19 November 2024 | 1 reply
I live in Massachusetts and I'm looking to cooperate with other investors for buying a multiunit building.
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30 October 2024 | 4 replies
I think it will save me money in the long term in the event I am sued, but lawyers are expensive and as a student, disposable income isn't exactly too prevalent.
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22 October 2024 | 7 replies
You are far more likely to find a mentor through in-person networking and building relationships.
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8 November 2024 | 8 replies
This would require seller to bring cash to closing.
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23 October 2024 | 1 reply
I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split
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25 October 2024 | 18 replies
In multi-unit buildings, I just have my maintenance team toss this stuff in the basement in maintenance room where we can deal with it later.
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25 October 2024 | 4 replies
Does this help me or hurt me?
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3 November 2024 | 2 replies
Modulars are a little better because its easier to get FHA and VA financing so they can sell quicker to a wider group of buyers.FHA can be refinance down the road so the MIP - mortgage insurance premium similar to PMI but more expensive.
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30 October 2024 | 3 replies
This is due to the increase in mortgage rates and house prices.Pros/cons as I see it:Pros: two appreciating assets versus one; as rents rise, we’ll make more net income.cons: less cash flow, double capex, double maintenance.Anyone mind letting me know your thoughts?