OK. I'm brand new to this. I found this property. It is a few miles from a very good area.
This property is in great shape. It sold for 120K about 5 years ago. I think I can get it for around 53K. I have the cash to ...
Hi guys, I'm a new real estate investor looking to purchase my first multifamily. I've been doing reading on deal analysis, listening to the podcasts here (Great source of info!) and everything else needed to be succe...
I'm sitting here at the St. Louis airport after looking at over 15 4 plexes all over St. Louis over the last 2 days. Here are the numbers for a 4 plex in St. Louis:
Price: $129,500
Units: 4 plex
Down: 20% $25,900
C...
I'm trying to calculate my debt to income ratio so that I can see how many properties I can qualify for under a conventional loan. I understand the basics that Principal, Interest, Taxes and Insurance (PITI) all coun...
I'm sure someone can help me with this. I've read many books on commercial and multi-family properties. I understand using the 1% rule of thumb to see if a property is worth looking into deeper as well as the 50% rule...
Hello, If we have 100k to invest and we go a hard money lender, buy 4- 5 properties that are 100k each with 20% down and then rent them out, would we be able to write off a total of 100k or 400k(Total down payment o...
I’m thinking of investing in either a) 700k 2 bedroom or b) 800k 3 bedroom vacation rental in a ski and lake town. I have gotten some rental numbers from a couple properties but not the particular ones I want to put a...
Hi Everyone!
I'm getting very close to purchasing my first residential rental property. I'm getting a bit stuck on the number crunching though, and thought I'd see what you all are doing in regards to percentage of...
This is my second year having rental properties. I depreciate rental last year. Do you depreciate the rental property every year?if so, my net income of rental property is very small. I am trying to get new loan and l...
Here's the deal.rental property is about 45k, currently rented 700 a month. We think we can get it to 900 in 2 years. Recently remodeled, new roof. But low income area so very hard to get a good PM to take on the PITA...