Hannah Spanke
Newbie REI looking to shadow experienced REI in SD!
14 October 2020 | 10 replies
I definitely realize it would be a challenge to find a duplex or something here that would cash flow but I would be happy with a first house hack even if I still had to pay up to $500 out of pocket each month.
Ross N Pye
Michael Berger
Arron Paulino
1st Rental Property Out-of-State
19 November 2020 | 11 replies
Just be aware that cheaper properties tend to be:Old and require lots of ongoing repairs.Old and many repairs would cost more in order to bring the property up to codeTenants from on the lower end of income that tend to have more challenges paying the rentHigher vacancy and tenant turnover Higher frequency of evictionCheaper properties are more difficult to finance (for your future buyer) due to the higher cost of the loan relative to the loan amount.Price appreciation is minimalMany investors do not factor in the eROI (emotional ROI) which means such properties:Will create more "noise" in your lifeRequire more of your time and attention.
Scott McGrath
Merideth McNamee
Julia Pye
Artem Shum
90 Days Challenge.
14 October 2020 | 1 reply
Hello
I am new to REI and I am trying to learn how to find the best deal in the market. This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, ...
Pete Krentz