Instead of setting money aside every month for repairs, what are your thoughts on using a company such as American Home Guardian who offers coverage for $60/mo. Curious if anyone have done this with success vs setting...
I'm wanting to 1031 exchange my one property into 20 different houses in a low cost state. If each house costs around 80k and I get a mortgage for 80%, how much would I need to have in reserves? How much would you rec...
I’m in the process of considering buying 2bed/1bath home 1200 square feet home. The owner will sell the home at 90k As Is. 90K is a fair price maybe a bit below market. The home will probably rent for at most 900 a mo...
I have one owner occupied home and one rental home. I intend to buy and invest in more rental properties, but I heard that a person can get financing for only up to 4 homes. First of all, is this true? I was also told...
Hi all - I’m a first-time investor located in Chicago who is still learning the ropes of underwriting. I’m looking to buy a 2/1 in the 350-400k range as a primary residence and rent out the second room as a first step...
Hi, I have good credit ratings but do not currently own a primary home (currently renting). If I buy one or more properties for investment, will that affect my mortgage rate if/when I decide to buy a primary home in t...
Hello, this is my first post on here. I am new to the real estate investing world and am looking to buy my first multi-unit home this summer. I have heard that if I buy a house with 3 or more units, I have to have 6 m...
Hi all - I am a real estate investor looking to grow my portfolio. I have about $100k available in cash to buy my next few investment properties. I am looking for turnkey homes in the $60-85k purchase price range ( I ...
Although I'm looking to buy multifamilies, I found myself in a situation where I need to buy a personal home. Going to bid on a Xome home. Already had one auction where the reserve price wasn't met. (I was not the bid...
I was an investor from 2004 until 2008. I did standard mortgages on single family homes. I did not put enough money down and only did 5% or 0% down as I accumulated up to 20 rental homes. I also did not buy them right...