Hello everyone! I would just like to start by saying I am brand new at REI and would very much appreciate any feedback on this matter. I have a friend who in the last year has been laid off and moved to his home state...

I was wondering if folks could describe how they manage the cash they keep on their PFS.  My general approach over the years has been to keep about 10% of my long-term liabilities in cash, but as my portfolio grows I ...

I think I might have found a deal. Asking price is $159,900 on a 4 unit. I need to come up with 20% down which is $32,000. I do not have $32,000 so I am asking for ideas from any body else who was in a similar situati...

Hi Everyone, I'm new here and seeking some opinions on offloading a rental property.Background: 2K sq ft single family home in HOT market in Colorado. I've owned it 2 years and break even on the rent. I intended to fi...

I'm learning about/shopping for financing for 5+ unit residential properties, after having only owned 2-3 unit buildings.   I'm finding that the banks only care about the property itself supporting the loan, even thou...

How do we begin to put a value on a storage facility? We have 150 units and our partners want to sell. Thanks in advance.

I put an offer on a short sale. 391K offer, comps are over 600k. House needs approx. 100k in upgrades. Offer was accepted, sellers bank approved. However, the seller did not disclose to the bank that he owes 27k in ba...

Hey everyone, I’ve got a few questions about how rental income is handled on my debt to income ratio. If I buy my first property and rent it out, let’s say for $2,400 per month and my monthly mortgage, tax, insurance,...

Hey Everyone,

I discovered www.auctions.com today which lists bank owned and foreclosed properties. They show houses that they are auctioning off (single family and Multifamily). Now I assume that for these proper...

I've got my first deal lined up. Cash deal basically finishing a contract up from a deceased relative. Attorney, title and back taxes I'm in for 10k. I've got a buyer identified and deal worked out selling it for 40k....