Plus I put at least $150/m aside for repairs and misc.2 beds rent for $500/m and 2 rent for $650/m so that totals $2300/m.

I suggest you double check your loan agreement to see how long it says your MIP needs to be paid.

I'm about to close on my first property and planning to turn it into a STVR.It's a 1 bed 1 bath condo in California close to the beach so the cash flow is expected to be pretty decent.

Purchase price: $745 Cash invested: $100,000 My husband and I purchased a 4 units with 2 bed 1 bath located in Loveland.

My question is, how well does a 2 bed/2 bath do compared to a 3bed/2bath.

If they did not take that as collateral; it would be an unsecured loan and I imagine your rate will be double digits.

You CAN'T receive the funds from closing, it has to go to a third party and it can't your attorney anymore.I need to be double checked, but the two "values" are the entire amount of the transaction and the amount that is owed?

Realtor.com's market data for the week ending May 1, 2021, shows that the median home price of all the listings increased by 15.4 percent over last year, notching the 38th consecutive week of double-digit price appreciation.

Other than that, make sure to double check HOA and any other fees that may be associated with the property and lock it up!! 

Luckily, they were all patient and secretly knew the timeline would double from the start so nobody was pressed to cash out early.