My wife and I moved to Philly one year ago and have rented for this past year. We're looking for a multi-family property to buy so we can "house hack." I've been listening to past episodes of podcasts and lurking the ...
FHA 203k O/O in a C+ revitalizing neighborhood. C property. Comps are going for 200k or more.Price: 150,000Repairs: ~20,000 rolled into the loanDown: 3.5% 6000Premium: 795/moInsurance: 33/moPMI: 175/mo100 years oldGMI...
I've listened to most of the podcasts. And I've noticed that as a potential buy and hold investor, the podcasts indicate that you want to have at minimum $100 cash flowing per door.
Now i live in CT and this nu...
We recently purchased a home to rent to my college sophomore and her roommates. My daughter will not being paying rent. 1. Should I have her sign a lease agreement?2. Does the fact that she doesn't pay rent pose any...
New investor, any help would be greatly appreciated.It looks like this property will cash flow about $300 a month.But it's not hitting the 2% rule.Is this a good first rental property?What would be a better price to a...
Does anyone intentionally report higher taxable income (and obviously pay higher taxes) so they can qualify for financing, such as heloc or business line of credit?I understand there are alternative methods such as ha...
Hello,I'm new to the forums and was hoping to get some advice about an multi-family investment opportunity. In general, I'm curious if this is a good investment opportunity long-term and what other information I shou...
We are negotiating with seller's counsel on closing costs. They are saying the purchaser pays the premium for the issuance of the title policy, including cost of title search and recordation of title documents. I know...
Hello everyone.So I'm thinking of diving into my first real estate deal which is a house hacking strategy.I live in Mississauga and the numbers aren't really impressive, but here it goes:It's a 4br/2ba condo townhouse...
Hello, everyone. I am a pretty new to the site although i have read tons of information on here. I was wondering how most people analyze a deal...
I have gathered from reading thru BP that for SFH expenses used for...