I've been researching and saving for 3 years now. I'm fully convinced real estate is the way to go. My wife and I are already invested in a gym and making returns on that. We have $22k in the bank and want to buy a mu...
Hello! What is a decent price range for HOA fees when considering to purchase a condo or townhouse?
As everybody has noticed the increase in materials and labor has skyrocketed which has thrown a wrench into condominium reserve studies. Since reserve studies attempt to forecast replacement costs of items over a 30 y...
Hello there,I was just looking for some opinions on borrowing against my annuity to invest in a duplex. I’d like to use a 203k loan so I can put 3.5% down. I know this means I will need reserves too. A follow up quest...
We are in central Calif and rent our current residence because we can rent for cheaper than buying. We weathered the crash and are breaking even on a rental we own (25 percent, 50k in equity) in another city. I'd l...
Rookie in Aurora, IL (Chicago suburb) looking for my first SFH or multi-family home to buy and hold. The issue that I am running into is that I have enough funds to put down the 20% for a conventional mortgage but it ...
Need some good advice. I have a 150K home that we paid off. I also have a duplex that is nearly remodeled and is worth about 110K with a 50K mortgage.
I have no desire to mess with the duplex situation just yet -- ...
We just accepted an offer on our house and should have around 180-200k in equity after the agent commissions and closing costs. I know it's been asked a thousand times but I have to ask. We are wanting to move to a ...
Does anyone know how depreceation recapture works?
I am selling a home for the first time and have no idea how this works. I purchased this property in 2008 as a primary residence and turned it into a rental a year l...
Quick question for anyone who has ever purchased a condo (buy and hold) for rental purposes. I recently went through an inspection of the unit/building and there were some minor water leaks (slow drip) in the basement...