Tenants on the left were inherited with the purchase several years ago - they had a trampoline set up at that time, and I had my property manager ask them to remove it.

Most 2nd position lenders will want the investor to have skin in the game (invest their own money) AND be paid a double-digit return.When you purchase property, you ALWAYS need to have reserves, but in this scenario, you really need to have reserves since you will need to make 2 large debt payments every month.

Hi,In the home purchase contract we have(I'm in Nevada), it's indicated that seller will pay for home warranty and cover coverage of $600.What happens if I buy a coverage for like $500.

However since the purchase is high, mortgage on a 7.12% interest rate for 30yr rate plus HO insurance etc is about $4300 a month. should I follow that 25% rule or not.

I love a good value add deal but a majority of my properties have been relatively passive with very little repairs needed when I purchased.

Purchase price: $146,000 Cash invested: $18,000 3/2 brick ranch located minutes from Fort Eisenhower where I was stationed in the Navy.

I also purchased my last property while being overseas.

The seller is seller financing me the property with a balloon in 3 years if it appraises for the current purchase price in 3 years.

In short though you're going to need a purchase agreement and could even use the standard real estate contract, and some people use a warranty deed.seller financing is when you don't have to give the seller some or all of the cash at closing, and then you don't have to get a mortgage (or as large of a mortgage) and you're able to make payments to the seller.

I purchased a 3/2/2, 1366 sqft rental home built in 1986 (roof 8-10 years, no pool, smoke alarm, etc) in May 2023.