Looking at finance options on a MF home and struggling with either getting it paid off in 10 years at 3.375% or stretching the loan for 30 at a rate of 4.125%. The difference in the monthly payment is $347 dollars. In...
I have a property under a purchase contract in the name of my LLC for $35,000. I put in some sweat equity and had some rooms painted and landscaping. I have buyers interested in the property and the selling price is $...
Has anyone used e1031xchange owned by the law firm of Jerry M. Feeney in NY? The fee is a flat $495 for a one-one exchange. Pricing is great but are they legit?
Oh the school of hard knocks....We have handled being landlords all wrong but now are trying to educate ourselves. How do we go about teaching our renters to be good renters when we started out wrong? For one we didn...
Theoretical scenario: If I can get 180,000 out of my house for a cash-out refinance to purchase another property, should I pay cash in full for the 2nd property and have the cash-out refi on my primary residence? ORSh...
Hello,My name is Philip. I am a new investor in East New York Brooklyn NY. I used the FHA 203k to buy my first mixed use in Brooklyn last year with a small commercial space and three one bedroom units for 575k. Curre...
I go to the unit and collect rent in person is that a good idea?
Where the LP was asked to be a co-guarantor of the loan along with the GP?This seems unusual.
Hi Everyone,My GC want to be paid in cash. Its a gut rehab which will be over $100k. I will not be paying it all upfront. I am not concerned about him disappearing or doing a poor job as I have known him many year...
Hello everyone! I am just getting started in investing. I have a couple of questions but first let me play a scenario:I buy a house, cash, rehab it and net $15,000 in income once I sell it. Once I close on the rehabbe...