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The idea of an FHA 203k sounds like the best tool to use for a new investor. I’ve heard about it for years and with the market it’s a hard sale especially since most agents don’t fully understand the process. I’ve don...
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My partners and I bought an 8,500 sq ft. building in a small town with a population of about 10,000 to 15,000. The building has 5 apartments on the second floor and two storefronts on the main floor.
The residenti...
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Hypothetical:Bob is 35yrs old and lives in Maryland. He is married with a 2 year old, he has a house (with mortgage) that he owns and has a HELOC on it for $200,000. He has $50,000 in cash (not including money in savi...
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We use state farm and have "cash value" coverage. They've explained 20 times what that means but I find I forget over time. It has started me thinking that maybe I should shop around? We're die hard State Farm clients...
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I recently purchased a 9 unit residential apartment building, the city sent out a third party assessor to evaluate the property for property tax purposes. I owned the property since July, 2018, on the assessors report...
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Every inch of my 10-room house except the living/dining area is completely full of tenant belongings, such that it's verging on a hoard. 3 generations of a family (3 adults, 2 teens), are on the lease. BUT there's mor...
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Hello! I just bought a commercial property at 2.1m with hard money. The appraisal came back at 2.7m. With rent increases, we will drive the value up to 3.0m within 60 days. I would like to refi ASAP but can't find a l...
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Currently, I am living in a flip house and own a 2 family house. I am almost ready to expand and purchase another multifamily house. My question is in regards to Commercial loans - What properties apply? How much mone...
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Wondering if anyone can offer some insight on this? Ever seen something like this?
I own a self storage facility and am looking for a way to expand again as demand is high. I am looking to do this creatively as my...
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Hi, do you have any recommendations for good cashflow areas where it's possible to find multifamily properties (40-50 units) under $2M? Please DM or reply to the post. I'm keeping my options open as an out of town i...