Im a virgin landlord looking to buy my first rental and was hoping to get some feedback on my analysis before I make and offer. Iv over estimated the expenses that I have verified and under estimated the rents. Bu...
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Hi Team,I am in the process of purchasing my first deal through a wholeseller (purchased others through MLS etc) and I have ran into an issue and was looking for some advice. I just got the commitment for title back a...
I am looking at duplex that grosses $1,450 per month and the sales price is $73,600. I am looking at approximately $8,700 in annualized expenses using the 50% rule. My monthly mortgage payment would be assuming a 20 y...
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Would anyone be able to give me any actionable advise, or insight on how else to verify/analyze comps in certain neighborhoods?Currently, I've just been doing deal analyses using RedFin or Trulia on whatever comes to ...
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Hello,
I recently just purchased a property where the owner financed and carried the note for me. I am wanting my payments to be reported to the credit bureau's. However the note service company we are using ...
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Any tips on evaluating potential renters?
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Would love input/opinion on this potential property. Strictly looking at #'s... Location: Sulphur Springs (low crime area of Sulphur Springs)Purchase Price: 170kRental Income: 1850Type: Duplex (2 bed 1 bath & 2 be...
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I am reading how to estimate rehab costs and I understand that it is important to have the real estate agent and contractor walk through the property together in order to get an idea of how much the rehab will be so I...
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Hi All,I’ve got a cabin under contract in the smoky mountains that needs about 40k of work. I had planned to use a renovation loan to fund the remodel, but then talked to another lender who scared me out of it.I’m now...
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Hello BP,I am looking at a property that has an attached mother in law suite with a separate entrance, kitchen, full bath and a 3 year tenant. It looks like this SFH was rented out as two separate units, the main flo...