Lionel Johnston
How To Factor An Equity Pull-Out in Cashflow Calculation
Hi Folks,
We have a SFH that we are refinancing with an appraised value of about $350,000. We will raise rents again in a year but our calculations currently show only $22 in monthly cash flow.
Notes:
- 5% Cap-Ex...
Tony Roddenberry
Looking for a model business plan for a 4 partner 4 unit rental.
I'm putting together a deal with 3 other guys that want to build 4 SFD for long term rental. We are just getting started and have a blank slate to work with at this point. There is a LOT to be considered when you have...
Pratul Singh
1st time remotely managing rental property-Hampden township PA
Hello everyone,I am very interested to invest in a property in Hampden township, PA but soon will be moving out of the area. Details of the property.1. 2 units: Main and a lower level basement converted into a another...
Rebecca Cramer
"Schedule E" HELP for tax illiterate newbie!! :)
Hi friends! I am finally getting to my 2018 taxes and we bought our first short term vacation rental property in 2018. We have receipts galore and trying to fill out our "schedule E" and I have a lot of questions. Our...
Renard Whitaker
How to handle???
Hey all, first let me say thanks to everyone that posts in this thread, its been very helpful.
Seller has 3 multis that she wants to be rid of, all are in arrears. She wants nothing in return (she's 78 yrs. o...
Jesse Kerr
Question for those over 200 + Units
Hi - When hitting 200 units, what processes/systems changed? I'm noticing hitting 60 units a few things ie. hiring a personal property manager under payroll keeping costs fixed etc. I'd like enlightenment regarding ...
Chelsea Dillon
Hometown Heroes Down Payment/Closing Cost Assistance Program
Hello,
I live in the Tampa Bay area and recently got approved for the recently passed Hometown Heroes program for the state of Florida. This is a down payment and closing cost assistance program for first time home b...
Dong Yan
Do I need to remodel the house or just fix it up
just acquired a short sale deal , the purchase price is OK but not really cheap. my attention is renting the house out quickly.Here is one of my biggest questions puzzled me:Do I need to remodel the house or just fix ...
Jared Mcgrew
Purchasing 2 properties for lump sum. How to divide mortgages.
We are hoping to close on two single family residences that will be purchased from the same owner. We have offered one lump sum to the owner, but need advice on how we should split the loan amounts.
Details:
-We wil...
Steven S.
1 year primary residence rule same for FHA and conventional?
Hey Everyone,I am getting very close to the point where I can refi out of my FHA loan on my primary residence into a conventional mortgage to get rid of my PMI.Once I do that I would like to make my primary a rental a...