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My lady and I are moving to Columbus next year and will be buying a in the $450-$500k range. With 10% down, PITI will be about $4,000/month which is around 25% of gross earnings per month.
Comps right now for 2-3 BR ...
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I'm considering a self-directed IRA but have a few questions.
First, If I purchase a house outright how do I calculate ROI? Is it simply (Monthly Income - Expenses) * 12 / Purchase Price?
Second, since I pay Taxes,...
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Hello All!
I am starting my yellow letter marketing campaign soon. I will be using @Michaelquarles yellow letter service. I have a budget of $1000, so I am trying to figure out where those funds would be best used. ...
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Hello Everyone.
My father has a rental home which neither he nor the tenant are maintaining. I have already tried to purchase the property from him at an agreed $60K (Appraisal is $100K+) to repair and hold a...
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Ive been a REI since Jan 2010 when we acquired our first distressed property, a SFH, with the sole intention of rehabbing the house and converting it to a rental. Prior to this I knew NOTHING about being a REI. But...
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Hi everyone, I was talking with an investor friend the other day and he asked me a question I didn't have an answer for. He asked "So if I were to invest 100k in a multifamily deal, how much would I make total over a ...
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Looking at a Triplex today, the listing agent said they don't typically give an estoppel statement, they just provide copies of the lease.I've never purchased an occupied property before, and everything on BiggerPocke...
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I have been investing in single family homes exclusively. The thought of a multi-family building quite honestly made me nervous. More tenants, definitely bigger numbers and property managers. It seems my investment...
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Ive heard many times: "Rich dont sell, they leverage". Than a lot of other people do "Buy low, sell high" sort of thing...What is the benefit of never selling? Lets say you have a 100 year old house that is not in a s...
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Hey all,I'm finally at the point where I'm going to file for my LLC. There will be four members (all close family) involved. I'm in Illinois and the cost to fill out the paperwork myself is $500. My CPA will do it for...