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Hi, I'm writing a vulnerable, honest post here <scary>. Hoping to get advice from some experts.For 10 years, I've run a very successful destination wedding business. It has been absolutely decimated by Covid. I ...
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Hi everyone! Newly married couple moving to Tennessee who is buying a single-family home that the previous owner converted into a Triplex. It is zoned single family, has one meter for the whole house but is divided as...
New to the market, quick question and love inputs with explanations. I found a deal that cash flows very well, would it be beneficial for me to take that cashflow and pay extra on my mortgage to pay the property off q...
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I'm ready to make an offer on a multi-family. I've got my eye on a few tri-plex/four-plex's - but the deal that appeals to me the most is a 14-unit apartment complex. However, this will be my first multi-family invest...
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Hi,So, is there a formula to be used taking only rental income into consideration to determine the value of a property? I'm interested in a 12 unit complex that generates $93,600 annual gross income; taxes are $15,800...
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As usual I will post my deal that I am working on.
I am purchasing a house in a below average neighborhood. It will be a 10,000.00 dollar sale cash. The total will cost me 10410.00 with closing cost. They already hav...
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I recently watched a video on social media that mentioned the way he was buying properties and yielding the benefit of the sellers low interest rate is having the seller put the property in a trust and then purchasing...
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A bit of backstory. Back in November I decided to sell three rental SFH's that I owned and was renting to long term renters. The properties are in distressed areas and after owning them for 15yrs, I made the decisio...
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Hi all,
I'm trying to hash out the details of a deal I have. The house is worth $95k, the purchase price is $56k. The seller has agreed to an interest-only loan of $100/month with a 5 year balloon.
My f...
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Early in 2020 my business partner and I had a goal to focus on maximizing our financing. To give a little context, we are buy and hold investors mostly in the Colorado Springs are. Earlier this year we were crossing 1...