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Hey all, here is the situation. My parents are getting old and want to retire, they have the house I grew up on with over 200k in equity and a small mortgage that they still pay. The mayor obstacle that we have is tha...
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I've been in a long haul on a smaller multi-family rehab and watched the rates almost double. I still have a 1.2 DSCR as it was a strong buy but am finishing with very little monies in the pocket. I will have $350K+ i...
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Another forum member asked what everyone thought of taking money out of a 401K to invest in RE.
I know it's a heated topic but my answer is below. Tell me what you think.
"It can work well:
Is it a good idea? I...
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Hi everyone. This is my first post in BP and I'm excited to be here. I'm trying to identify an investment path forward for my wife and I and am eager to hear everyone's recommendations. A bit about ourselves in ord...
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I have one duplex already. I just bought the house I’m in a in June and have both sides rented out on my duplex I cash flow about $900 on the duplex and have just over $200k in equity. I want more but I don’t want to ...
So here's my theory. I have no rental property now. Going into this I am considering paying cash for a SFR every 12-18 mos. In my area (East of Dallas TX) inexpensive homes go for 200K. Is there a downside to buying o...
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Hey guys and gals. So I’ve come across a potential MHP deal and wanted to get some feedback from people who have been here before. It’s a pretty big dump, but it’s surrounded by a good community of houses. It is a rou...
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Howdy!
I just closed on my second house in Central Arlington TX. Purchase price was 92k, putting 32k into it. Doing a hard money loan so we put 21k down at closing. ARV 155k, planning on refinancing and renting hope...
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Hey everyone!Wanted to get some thoughts/advice on this - I'm looking at a investing in a mobile home park (purchase price will be around 550k). After all expenses, it cash flows almost 4k per month half the year, and...
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Hi. We have a condo that's worth probably $1.3m in LA about 20 minutes from our primary residence. Have about $1m in equity in it. We have an opportunity to potentially do a 1031 for a single family house near ...