I was an investor from 2004 until 2008. I did standard mortgages on single family homes. I did not put enough money down and only did 5% or 0% down as I accumulated up to 20 rental homes. I also did not buy them right...
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Although I'm looking to buy multifamilies, I found myself in a situation where I need to buy a personal home. Going to bid on a Xome home. Already had one auction where the reserve price wasn't met. (I was not the bid...
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Hey All,I am in the process of closing on a house I have 2k tied up already. I have sent multiple bank statements that have been requested of me and recently it looks like they were able to view my account and see I d...
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Hey everyone I'm curious how many of you maintain a separate reserve fund for your properties so as to handle longer vacancies, or other things that come up like with COVID where tenants/payments might get a little sc...
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Hello,
Not sure if i'm in the right place, but any help is appreciated. I'm a first time home buyer, looking for a condo for primary residence. I was interested this place:
https://www.zillow.com/homedetails/12...
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Hi all,I’m working on buying my 3rd property but first as an investment property instead of an owner occupied. I wanted to know in addition to my down payment/closing costs will I be required to show three months of m...
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I'm looking at a 6 flex in Kansas City. It looks like a ratio of 1.46. I wonder if at 1.46 with zero down is that even possible to 100% finance? I would rather fully fund it and have the reserves of income in order...
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I’m looking at a 4-plex that is new construction. What sort of numbers should I be using for maintenance and cap ex so that I make sure the investment stays profitable as it ages? Is there a rule of thumb as far as p...
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Considering putting in an offer for a 2/1 and 1/1 inlaw suite at a total of 1500sqft in the Tampa area. Asking price is $150k. I am fairly confident I can rent the 2/1 for $1200 and the 1/1 for $700. It is on a busy ...
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I have bid on a few houses on auction.com but have not been able to purchase one. The bank "reserve" is too high apparently. The most recent one started at 20K, the last bid was 80K but the reserve wasn't met so "no...