I am looking to lower my utilization as a way to give my credit score a big boost. I decided to replace a 30yr mortgage at 5% on my 4-flat with a HELOC at 3%. Unfortunately though while i am saving a ton in interest i...
Hi,I purchased an old 6 unit apartment building in very poor condition which will require extensive renovations that probably will require some months to complete. I will need to completely redo the electrical wiring ...
So I have a question, just found out my city requires business license and annual inspection of the property when I rent it out. In order to transfer utilities to my tenant name, they require business license, so each...
Hey Guys, my wife and I are wanting to get into the STR game and we live in the country of texas LOL; however, i do have some questions... 1. we have a strategy idea of 'airbnb-ing' the property in the summertime and...
Hi all I have to renew a lease with a tenant for a commercial space in a small building in NJ soon. I was wondering if others are charging "additional rent" ie having the tenant pay a portion of taxes and insurance ...
Hello BP! Real Estate has always fascinated me since I was late into my high school years. I have owned a few homes only one rental but there came a time where I moved away from Memphis and honestly didn’t know what t...
So I've been doing a ton of research lately looking at properties online and in person searching for my first multi family property. I live in southern ME--kittery, Portsmouth, NH-- and I have been having a bit of tro...
I am no expert when it comes to solar, but I have seen some retailers advertising 0% down payment and low (0.49%) interest rates for solar panel installation in the area. When I think about both the appraisal + utilit...
Hello, I wanted to ask if you were in my situation what would you advise or do? I am 46, recently laid-off since 01/2024. I have maybe 100.00 of liquid cash, my credit score is 577 and I have a home 3 bedroom that I p...
Hello,
I am not into buy and hold, but would like to get into it. Knowing that, I had a realtor call me about a possible deal he considers a good cash flow property. Here is the broad (numbers) overview.
The prope...