Amanuel Gebrelibanos
What are the ways to reduce putting down payment amount?
12 June 2024 | 9 replies
You could also look to raise capital from family or friends as a good start.
Manuel Llanas
Considering getting a 2nd property (multiplex in Oregon, where my brother lives at)
8 June 2024 | 4 replies
I currently am in debt by almost $55k, almost $27k in student loan, $11k in credit card, and $18k in a trailer that I had to buy for an emergency (dad’s place he was renting caught fire).
Alex Johnson
Choosing a Rental Market- Analysis Paralysis!
13 June 2024 | 29 replies
@Alex Johnson Detroit-Michigan falls in the middle of the pack regarding "tenant-friendly".As you start to build your Core Four, NEVER believe what people tell you unless they can explain it logically or provide 3rd party proof.Here's 3rd party proof that Michigan is in the middle of the pack:)https://realwealth.com/learn/landlord-friendly-states/https://www.lawdistrict.com/articles/most-renter-friendly-us...
Nimit Gupta
Seeking advice on real estate investment journey
12 June 2024 | 7 replies
I want to understand my possible options to get started with real estate. 1) Should I buy my first house first?
Mia Kirsch
Needing loan advice for Owner Occupy
11 June 2024 | 5 replies
We want to start looking for another duplex but need advice on what to do.
Tinia James
Do I need a LLC?
11 June 2024 | 3 replies
I just wanted to know if it’s necessary to start a LLC before my first deal and have a good business structure ?
Michael Mendoza
Advice regarding a property my non US citizen parents bought - mom just passed away.
12 June 2024 | 2 replies
Where should I start?
Clint Wenk
How to qualify for a new mortgage when keeping my house as new mid-term rental
12 June 2024 | 4 replies
I would like to have a mortgage payment in the $3500-$5000 range.I am just getting started in real estate investment properties and don't know enough about how other landlords show that the other mortgages are covered by rents and qualify for additional loans?
Brandon Justice
Owner-Occupied 4 Plex - Please Check My Numbers
12 June 2024 | 7 replies
.- Neighborhood ~ C- but a C- area here doesn't mean too much, smallish town ~ only about 50k peoplePurchase Price: $660,000Appraised Value at Purchase: $730,000Interest Rate: 6.625% - 30 year fixedDown Payment: 10% / $66,000Cost to Make Rent Ready: $14,000P&I - $3803 T&I - $898Total PITI - $4701/moCapEx, Vacancy, Maintenance - $1099/moTotal Monthly Costs - $5800/moCurrent Rents - $3800 (3 units)Fair Rents ~ $5000 but will likely only charge ~ $4500 to start.
Marcus Watson
What's the secret to acquiring properties in Detroit?
12 June 2024 | 10 replies
Being a newbie at this, I have to start somewhere and get my feet wet, right?