Bill Fleener
Chicagoland Market Questions- First Time Multi-Family Investors
We are just finalizing our company LLC and are starting the process of hopefully purchasing many multi-family properties in the next few years..... We have some questions that we were hoping someone that is familiar w...
Ody Orad
First Time Home Buyer - Does a new cc affect mortgage application?
Quick question as a first time home buyer, I currently applied for a new credit card and I am looking to buy a house very soon (within the next 3 months). Before this new CC, I had a credit score over 700, will this ...
Tom Donnelly
Start an LLC or quit claim property later for favorable terms?
I'm an out of state investor about to close my first property in Omaha, NE. My lender has asked if I want to purchase the property under my name or an LLC, which will determine the loan terms. From my understanding ...
Alphonso Fletcher
Want to use property value to buy more rental property
I have a mixed use property that I own 100% outright. I want to access the equity to buy more rental property. Should I get an equity loan or take out a mortgage? What are my options and what's the best route? And wil...
Colin Charles
Baltimore rowhouse with 2nd floor deck
I'm considering purchasing a 2 level row house in Baltimore city. The property will need some cosmetic repairs to make it shine. The property has a 2 rear decks, one on the lower level and another deck on the upper le...
Changqin X.
Use cash reserve or HELOC
I plan to buy more properties, what financial resource would be best to choose?I have 3 options:1. Use fund that is currently in stocks/bond. 2. Cash out refinance— I just did non cash out refinance on one rental prop...
Eric H.
What do you do about reserve money?
Do you set aside money each month into a savings account for reserves? Is it unwise to rely on a HELOC on your primary residence for when any repairs come up so that you can plow all of the income from the rental pro...
Michel Sylver
Tenant Income Low with Additional Funds in Money Market Account
My husband and I bought a small multi-family last year and are self managing. We require 2.8x rent in income and included that in our listing. We have an applicant with 2.3x rent for income and commented on the appl...
DJ Roshan
multiple single family homes on one tract sold together
Looking at eight 2bd 2 ba and two 3bd 2ba rentals on about 10ac sold together in the Midwest. There is room to build additional homes. They are in the country within 10 - 15 min of small college town w/ population of ...
Leo Day
Does multi-family/apartment home appreciate as fast as single family homes?
Hi BP,New member here trying to gain some knowledge.Assuming in a fast growing city like Phenix, AZ what is the pro/cons for picking few single family homes for long term rental/cash flow comparing of buying a multifa...