Kyle S Ripley
House-hacking - Utilities Not Split
23 August 2021 | 4 replies
The utilities are not split.
Shivron Sugrim
Out of capital and repairs are needed, please advise! Pittsburgh
23 August 2021 | 11 replies
@Shivron Sugrim I utilized no interest for 12-15 month credit cards when I was first getting started.
James Lauer
Newest project.....BRRRR or Flip?!
22 August 2021 | 2 replies
It is a straightforward flip that will take me approx. 3-4 weeks to complete and estimated profits are $30,000-$35,000.If I keep it as a BRRRR here are what the numbers look like:$145,0000 - Purchase Price + Closing Costs$30,000 - Improvements $1,500 - General holding costs (taxes/insurance/utilities)$2,900 - Loan on unsecured line of credit All in - $180,000Comps are around $225,000, which would put me right at $168,750 (75% LTV), this means I would leave around $12-$15,000 invested in the deal after the refinance went through.
Jonathan Buelow
Feedback on my current situation
22 August 2021 | 2 replies
These are a few of the options I have come up with and would like to get some feedback on:Option 1: Continue living in the mobile home and using my money and a Cash-out Refinance as a down payment on a du-quadplex.Option 2: Use Cash-out refinancing to remodel and flip the trailer, then house hack a du-quadplex.I am leaning toward option 1 because my utilities and lot fee combined are cheaper than rent in my area.
Nellie Black
Brand New to Real Estate Investing
25 August 2021 | 17 replies
Being able to utilize your VA is such an advantage and I have seen a ton of success with that locally!
Zachary Bowers
Getting Started. Second House.
24 August 2021 | 6 replies
(This is an unofficial duplex)I pay Utilities (Electric, Water, Internet)I want to refinance (possibly cash-out refi) this property and put it under an LLC.I then want to then use my capital to purchase another home using an FHA loan.Can anyone please give me any advise that they think would help guide me through this process.
Bryce Shipley
4 Properties and no cash, now what?
24 August 2021 | 17 replies
Yes, you are paying interest on utilized cash but it's good to have dry powder when you're ready to pull the trigger on something.
Roy Puli
Should I buy a personal house first in Silicon Valley?
23 August 2021 | 6 replies
I currently live in a rental unit 10 mins away from work which costs about $1600 per month including utilities.
Stefan Christensen
Am i missing something in this deal?
23 August 2021 | 11 replies
I did some back of the envelope calculations but you would be better off utilizing the calculator for the answer the are seeking!
Genny Li
Early mistakes and early wins
24 August 2021 | 2 replies
I had permission from the seller after the 3rd delay to market the property (which I did with all the appropriate caveats), but as a result, I could only rent it for $1500 (plus utilities) even though I was renting by the door, and it should have easily gone for $1600 by the door even without furnishings.