The new mortgage on the new $340k duplex home which is an FHA loan is going to be a monthly payment of $2800 and we will refi ASAP (the current rate is 6.7%) when rates go down.We have done some nice improvements on the SFR and will be refinishing the wood floors before a renter moves in (July 1) so feeling like it's a great opportunity for the right long term renter and we plan to screen prospective tenants well.We are taking a $20k HELOC on the SFR for the downpayment and plan to pay that off within 12-18 months.

My niche was looking for areas that were run down but getting ready to gentrify (or so I thought, sometimes it's just a guess or gut feeling :-)Drive around the areas you have selected as possible money-makers and then drive, drive, drive.

Feel free to reach out if you have any more specific questions or if you feel like I can help at all.

Hello BP,
I have been a very active private money lender since 2014.  I have a single member LLC (me as the sole member) that lends only to real estate investors.  That is I do not lend to owner occupants.  I only le...

I was in the military and bought a house in Fayetteville, NC since I was stationed there-which I now rent out...That was two years ago, and I have not made much movement to further my real estate investing journey, until now!

What made you interested in investing in this type of deal?

Your Resltor should have made you aware of this during your due diligence period.

Income is $600,000 per year and husband and wife both work full-time non real estate jobs.Is it true that the tax benefits are greater, or realized more quickly, on purchases like furniture or televisions to itemize a rental property, when they are made AFTER the date the property is put in service?

Feel free to message me as I'm happy to provide more details. 

I feel like you should be able to customize the mortgage section of this calculator but I can't figure out how to adjust my payments to the amount I agreed on with the seller.