4 January 2022 | 2 replies
Kind of concerns me, and map stats in my current area are very accurate with the maps darker and lighter colors for areas of lower and higher crime.
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4 January 2022 | 5 replies
. $3.5kDebt-to-income concerns:Time for some napkin math for a concern that makes me worry whether this goal is actually possible...Assuming all goes as planned, I worry about eventually hitting a wall where I'm unable to qualify for new mortgages at a certain point due to how the investment properties' mortgages will affect my debt-to-income ratio.
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5 January 2022 | 5 replies
I feel bad with the amount of questions I'm asking, so thought I'd reach out to the wider community.This particularly pertains to Toledo, OH and multifamily, but most questions apply to general real estate.What is 1/1, or 2/1, or 4/2 when pertaining to multifamily homes?
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13 June 2022 | 8 replies
You could potentially go back to the inspector or maybe even the sellers if it was something material that would have made a difference on the decision to buy that was either withheld or not flagged as a concern when it should have been.
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10 January 2022 | 3 replies
I know i need to start looking more into tax strategies.I understand that save/buy is a (relatively) slow way to expand.. but i'm also not looking for a "Boom"I'd be hard-pressed to refi... i've decent rates and for now i'm looking at cashflow until i'm not dependant on my W2 job ( i think that at 7 units i could "get by"..barely) then i can move towards being more concerned on long term wealth/retirement/equityThe rentals have their own business account that i do not dip into** I do not pay myself rent, BUT the business account does pay my personal gas/electric.from my W2 earnings i spend about $1300/mo on everything ( from car insurance to eating out), rest is savedany new downpayments are a mix of business account and savingsWith the 5 total units ( 4 rented; 1 personal use) I "Cashflow" about $1K/mobut that number does not account for any CapEx.What might you change/suggest about my strategy?
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13 January 2022 | 7 replies
Tips:Texas recently passed new legislation concerning wrap lending.
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4 January 2022 | 2 replies
I know if I break the mortgages I will have to pay fees which I am not concerned about as it won't be too high.
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4 January 2022 | 2 replies
You will mainly be concerned with sales tax, state income tax, and property tax.
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15 February 2022 | 3 replies
I’m aware of some concerns such as lack of equity compared to a normal home, etc.
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5 January 2022 | 2 replies
The key to the way I sold my properties to my buyers is that I personally showed them the property, took the time to hear their concerns about rehab and price and worked out a deal.