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20 April 2024 | 33 replies
They also cap ACH transfers in at $5000/month, so if you're in a high-rent market you might not even be able to accept all your rents from a multi-family property through their system.
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16 April 2024 | 11 replies
So far, I have saved about 50k and i want to buy my first single family house rental property in Texas.
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17 April 2024 | 17 replies
Context: My spouse is a real estate professional by materially participating in the management of multiple Single family Residential.She spends more than 750hr and keep a methodical record oh the activities.
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16 April 2024 | 6 replies
It is a long football field shape lot, with a small single family rental home on it.
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16 April 2024 | 9 replies
I am interested in house hacking, SFH, long term hold and possibly multi-family in the future.
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16 April 2024 | 5 replies
If you are looking to attract investors, one 14-unit building isn't much to get people to give you money beyond family and friends.
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16 April 2024 | 2 replies
In my research, co-hosting and multi-family units has caught my eye the most.
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17 April 2024 | 39 replies
I do some management for a family member and wonder if I am being paid too much or too little?
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16 April 2024 | 3 replies
Now worth $650,000Step 5: Brought the four family rents up to market rate which is $5200 per month.Time to complete: 10 years.Cash flow went from $350 per month to $2,000 per month.Properties are now worth around $1,000,000.Success story BStep 1: Bought a condo in 2014 in a HCOL city for $200,000 and rented it to a roommate (house hacking).
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17 April 2024 | 8 replies
Additionally, we may include clauses allowing for mortgage assignability and a balloon payment extension if the property fails to appraise for a specified price upon balloon expiration.Find below the 3 single-family seller finance deals that have done so far. 1st Deal breakdown: Purchase price: $330,000 Loan amount: $305,000Monthly payment (P&I): $1,181.55/mo40-year amortization at 3.5% interest rate20-year balloon paymentMarket Rent: $2,100/mo__________________________________________2nd Deal breakdown: Purchase price: $200,000Loan amount: $175,000Monthly payment to seller: $500/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,200.Market rent: $1,750/mo__________________________________________3rd Deal breakdown: Purchase price: $175,000Loan amount: $160,000Monthly payment to seller: $437.50/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,400.Market rent: $1,500/moFeel free to reach out if you have any questions!