So I’m a new investor looking to buy a multi family. Now when I use the calculator since I’m going to have to put 3.5% down I run into a high mortgage. In short that high mortgage is causing me to be negative in cash ...
Let's say we acquired property on a year 0 for 100k. Let's say we had a cashflow of 10k every year, for years 1 to 5 and on the year 5 we also sold the property for 130k. The question is why when we calculate the IRR,...
Hello!
A lot of these blogs I am reading are from out of state with very low cost of living so I think If someone from this area could answer this, it would be very helpful for me.
So my husband and I are currently ...
Hello everyone, I'm new here.
I need your inputs and advice on a deal. Also, I'm looking for a lender, property manager and realtor in Greenville SC.
So I'm interested in buying a townhouse in Greenville SC. House i...
Hello All,
My name is Leon Wang, I come out from Shanghai/China, I'm an active investor, and grateful to be here to share my stories.Last year I bought 6 condos in Orlando Florida and became a real estate newbie. Here...
Hi BP - My primary residence is currently on year 3 of a 15yr mortgage at 3.125%. I'm looking to buy my next home which will be a non home sale contingent purchase. My question is whether it makes sense to refinance m...
Hi everyoneI am planning to use my HELOC for down payments on deals. I have 3 burning questions that I have been trying to get answers to:1. Given that there is an interest payment attached to the HELOC, it does eat i...
Since last year, my wife and myself have been house successfully house hacking an SFR. Instead of buying another property now, we decided to see if it was legal in our area to put in an ADU. I just reached out to the ...
Question?Would you hold a rental for 10 years with little to no cash flow to have 100% cash flow once it is paid off? You only get tax depreciation, principal pay down, market appreciation in trade for your time runni...
Hey everyone - new member from Chicago here!
I'm interested in joining a local REI organization as I believe its the appropriate next step in developing my knowledge. From browsing these forums, in addition t...