I have been reading many posts lately where PITI is not fully understood and the nuances of its application to investments property are understood even less. Let me take a stab at clearing some of this up.
P = Princ...
Hi everyone,My neighbor whom I've known since I was 7 years old recently went into assisted living and Medicaid will be kicking in. She has offered to sell me her property for $50,000. The current market value is ri...
I am a relatively green investor. I have 1 investment property w/ approximately 40K in equity. I also have a little more than 60K equity in my home. My wife and I are currently trying to save as much money as possi...
Hi all,Not sure if this is the right place for this, but figured I'd start here. We're coming up on the 1 year anniversary of our first AirBnB, short-term rental. We're in a seasonal market and since closing, we hav...
I am 27 years old and have been investing in real estate since I was 21. I have worked 100 hours a week for a long time. At this point I own 44 rental properties in Maryland and one beachfront condo in the Outer Ban...
I have a rental property in Montreal that I purchased a year ago as a foreclosure. Upon purchase, tenants already resided in it & we signed a lease for a year. When they were approaching the end of their lease (la...
Hello, after reading many posts and doing research I've come to realize many people are spending around 20-25k on rehabs. The problem is, I'm spending anywhere from 35k-50k. Am I going overboard on the rehabs? Our ...
I’m based in Utah. I’ve been thinking about househacking and would appreciate some advice, since I still don’t quite understand the advantage of house hacking. Two scenarios:
Scenario 1: House A
- Purchase price: $3...
Planning on living in a duplex where we would have a negative CoC ROI and a negative cash flow for the first year. Only planning on living there for one year because of the FHA rules. From there, I estimate we would b...
Hello All, What do we consider a successful "buy and hold" rental property. As I was reading, I keep asking these questions to myself1) Is it as easy as buying a property which is easy to be put up on rent and gives o...