Patrick Henry
Im looking to use RP Capital and/or Memphis invest. Advice???
6 June 2024 | 16 replies
While no company is ever without fault or perfect, we certainly pride ourselves on serving our customers very well before, during and after a purchase.
Daniel Contreras
Multi family investing
5 June 2024 | 6 replies
I would recommend no more than 4 for the first, just for the ease of financing and getting the best terms until you're more experienced in this area.
Dominic Richardson
Is this a property you would buy?
5 June 2024 | 2 replies
Property Details: SFH 6 beds 2 Bath 2016 sqft - Rented by the room.Purchase: 340,000Amount Financed: 272,000Down Payment: 20% (68,000)Purchase Costs: 12,777Loan Type: 30 yearInterest Rate: 8.75%Rents: 3,300**********************Investment Returns - Year 1Cap Rate (purchase) 8%Cap Rate (Market Value) 7.1%COC 1.8%Return on Equity 1.3%Return on Investment 25.1%Internal Rate of Return 25.1%No.
Harrison Davis
Help me analyze this property. Should I jump on this opportunity?
5 June 2024 | 3 replies
I would plan to sell this property when the tenant is no longer ready to renew.
Alex Moazeni
Paying rent on 15th each month
1 June 2024 | 4 replies
It's supposed to ensure there are no surprises after closing.
Tashanique Jones
Ready to Grow!
5 June 2024 | 18 replies
Each step forward, no matter how small, brings you closer to your goals.
Don Konipol
Before Real Estate Investing Went Public
4 June 2024 | 1 reply
Before the late 1970s there were no real estate gurus, no real estate investment courses, no house flipping TV programs, no real estate get rich books, no real estate investment clubs, and what experience the general public had about real estate was limited to buying their personal residence.
Kristi Johnson
Equity from Duplex
5 June 2024 | 8 replies
The one I used was the University of Michigan Credit Union.The loan to value is lower on investment property but if you have a strong equity position it makes sense.Then, the blended rate between your HELOC and primary loan is still better than the rate on a cash out refinance.Plus, the HELOC is flexible and can be used over and over if you pay it down and you have no payments until you use it.Dry powder waiting for the right opportunity.To Your Success!
Zak House
Home Insurance/Carrier dropping are due to wild fire concerns!
5 June 2024 | 1 reply
I have a STR in Show Low and my insurance provider just notified me that they are no longer going to insure the Show Low area due to fire risks.