Jonny Morris
To use home equity or not...?
We bought for about $363k. Put down 80k on the house to avoid mortgage insurance. We have now put about 50k into developing an apartment above garage as our "1st property" rental which generates $1250 per month. Rece...
Dustin Kube
Finding the deal was easy, refinancing is horrible!!
My partner and I purchased a 13 unit property about 9 months ago for a million dollars. Comps in the area show the value to be around 1.5-1.75 million dollars. We got this great deal because of a great relationship wi...
Andrew Ball
Mentor/Advice for an aspiring professional
Just graduated college in December and decided I want to start 2023 on the right note. Jumping both feet into Real Estate since I've always been passionate about it. Currently, I'm working towards getting my real esta...
Immanuel Pierre
Having mentor Struggles
I have been real estate investing for about a year now and have ran across a few mentors. I personally feel like I look for ways to bring value to mentor but, struggle with finding the right mentor for me that is alig...
Andrew Michaud
60k for a 5plex or 100k for a 3plex? Both have pros and cons.
5plex: 60k selling price, tax value is 95k, market value is 120k. Private sale. This is in a dieing town which I feel would make this building a high vacancy rate, but if I can keep this place full I see a quick retur...
Keegan Schaub
Need Help Finding Land Value for Cost Segregation, Tucson AZ
Hi, I have a home I just acquired and my accountant and I are having trouble finding an accurate 'land value' assessment for a cost segregation report. The county assessor has it as $502 but says that is a placeholder...
Matthew Phelps
HELOC LTV Limitations in Texas
I just got some unfortunate news I was unaware of even after this whole past year of research. LTV limitations (only in Texas 😖) state that the max LTV in a HELOC is limited to 50%.... “LTV LimitationsLike all home eq...
Nicholas U.
Newbie Question - Cap Rate
Hello all! Newbie investor here and I was hoping for some clarification on Cap Rates. Currently I own 1 rental and looking to buy my first multifamily investment property, but I am cautious and want to make sure I f...
Danielle Rosenscruggs
Newbie Investor Guidance - Detroit - City or Suburbs?
My husband and I are looking to get into REI but feel a bit overwhelmed. We are hoping to invest around $50,000 - $75,000 (e.g., downpayment, closing costs, initial maintenance), would like to be somewhat local (we li...
Judah Johnson
Your GUT or your NUMBERS ???
We all know that we need to use both to be successful in this business. I'm just curious which you rely on more?? I'm more of a gut guy myself. It's my first question so I thought I'd keep it casual...thoughts?