My Tenant in NJ just informed me that he lost his job due to the Covid-19 pandemic. I foresee him now being able to pay the rent for another 4-6 months or so.I will be unable to afford this kind of loss as a result. W...
I have a mortgage of 30 years that was taken an year ago and paid 5% down initially. I want to pay down additional amount to remove PMI. What does that do for me? Does it reduce monthly payments or keep the monthly pa...
Pretty much described it all in the description above. New to REI. First rental after a very nice rehab in Cook County outside of Chicago. I'm comfortable with screening renters but wondering if anyone out there in...
Hi everyone! First time poster here. I'm Michael Fanelli, and licensed Realtor with @Mark Ainley at GC Realty. My wife and I are looking to purchase our first multifamily and are trying to figure out what's the best w...
I inherited my dads house when he passed away. It is not worth much at all maybe 10,000. I work as a nurse and I knew this lady who needed help. I wrote up an owner financed sale agreement and disclosed everything und...
Hi BP,Looking to buy the first multifamily in San Diego. House hacking and potentially doing long-term / short-term rental.What's a good area to buy around 700k - 1M with good cash flow? Is there any regulation to pay...
My question is how do private money lenders earn their money back? Is it just monthly payments from the buyer? Can anyone give examples?
I have a rental home with approx. $87k remaining on the mortgage (6% rate, 20yr, currently at month 57 of 240). I will be receiving approx. $91,500 tax free; more than enough to pay off the mortgage immediately.
I wa...
All,I am new here and new to commercial real estate investing. I do have a few single-family homes rented out. This will be my first apartment building investment. I could use some advice from experienced investors he...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Okoboji.
Purchase price: $130,000
Cash invested: $29,990
Humble triplex located outside of downtown Greensboro
Wh...