Ty Monroe
What to do before the First
What should I have in order (financially) before starting REI? I have just hit my 10k in savings milestone. (I am 20 years old). I believe I want to get into FHA house hacking, to build income instead of renting out a...
Chris Collins
Are these management fees reasonable? (Indianapolis)
Looking at property management in Indianapolis, management company is directly associated with a turnkey company.Avg purchase price $120kAvg rent: $1,200/moFees are as follows:Property management fee 8% of income coll...
Chris Murphy
New member and potential new investor in Austin, TX
Hello All,My wife and I are just starting to look into real estate investing as a means to add additional income sources in our "old age". I'm a fairly successful technology entrepreneur / executive and we've found ou...
Harman N.
What happens if house prices go down after HELOC appraisal?
Hi all,Let's say you get an appraisal and open a HELOC, and some time later house prices in your market come down. What happens if:1) You've already taken a draw from the line of credit2) You haven't drawn on itI'm gu...
Andrew Spencer
Exit strategy
I'm interested to know what exit strategies can be used in a seller financed /lease options deal?
Manuel Savorelli
How soon can you add renter's income to personal income?
I was curious as to whether there is a wait time needed before a landlord could add the monthly rental income he receives from his multi family property onto his own personal income? I'm looking to purchase a small ap...
Zac Dalzell
RE License suggestions
I've been thinking long and hard on it and finally decided to give a shot at getting my real estate license. Are there any good recommendations for the state of Florida? Preferably around Jacksonville, or online (onli...
Account Closed
What are the going Hard/Private money rates near you?
Curious what kind of rates hard and private lenders are offering near you? I am in Boston area- have heard some crazy hard money terms out there recently- 25% down, 5 points, 15% interest. That's an extreme though, I ...
Shane Anderson
Odds of getting 8 rental mortgages at once
I recently came across a couple who inherited 14 rental houses and they just don't want to deal with all of them. They are trying to off load 8 right now, and they are currently under contract with another buyer, but ...
David Eiges
House Hacking Change Lending Terms?
I'm looking to purchase a 2-4 unit multifamily. My understanding is that for a SFR, 20% down payment and for MFR its 25% down payment. I was having an informal conversation with a lender yesterday and he mentioned t...