Hello, all.My name is Noah Kellar & I am a 22 year-old in the research stage of rental property investing. I came across this website through Brandon Turner’s book, “Rental Property Investing” (great book). I am l...
Hello BP! Quick question, if I buy a duplex for $40,000 and put down $10,000 what will my cash out refinance be or if I choose to do a HELOC. Duplex appraised at $72,000. Thank you for all who reply..
Investment Info:
Single-family residence buy & hold investment in Greensboro.
Purchase price: $75,000
Cash invested: $50,000
This was a duplex that we turned into a single family home.
...
I started a new lease with a new landlord in November 2022. We have a written lease. On the lease, the landlord requested cash payments monthly, which I agreed upon, under the conditions that I 1. Receive a dated rece...
When doing a cash out refinance at 75% on a home valued at $150k, you would walk away with $112,500 in cash AND your new mortgage on the property is also $112,500? Is this correct? I want to make sure I am understand ...
If a property has negative cash flow at the end of the year do you get a deduction on your income taxes that are owed?
Say if you earned $30k from your job and you owe $1000 in income taxes but your property had a ne...
Hello everyone, So I am working on buying my first property. It is a duplex and the seller is asking for 265k, the duplex is located in Savannah GA. After running my number I’ve come to the conclusion that I might be ...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Plainfield.
Purchase price: $105,000
Cash invested: $35,000
Purchased as a duplex 3/1 flats. Renting by the room.
Cash fl...
Hello everyone. I have been investing in Memphis for the last 4 years and have acquired a handful of properties. Recently I have partnered with a friend/fellow investor. We have created an LLC and have started to a...
Around here the banks offer $500 “Cash for Keys” to foreclosees if they will vacate quickly and leave the premises “broom clean”.
How about you landlords out there? Do you give any monetary incentives to avoid forma...