Hi everyone, I own a two unit building. I don’t live in it anymore so both units are rented. It more or less breaks even every month. The estimated value according to the internet puts it somewhere around 350k, and I ...
We're kicking off a new project in the next week or so and it's been pretty crazy just getting to this point. The house is a 3-story, 1550 sq ft row and it's currently 3br and 1 bath. We've owned it for almost 2 month...
Trying to figure out the best way to close this deal. It's a package of smaller mixed use properties in Newburgh NY. 8 buildings mostly brick 36 units. The gross income is close to 300k expenses 100k. Purchase pric...
There are so many discussions on here about the most appropriate asset protection strategies for various situations. Umbrella policies, LLCs, holding LLCs, land trusts, etc. People debate whether someone else can si...
Lots of people have asked me how to start doing a "Rental Arbitrage" in STR (short term rentals - Airbnb is most popular but VRBO is another way).Rental arbitrage is you as the investor rents a home and becomes the te...
For anyone looking to buy their first piece of real estate, STOP (unless it is a four-plex with an FHA loan). I did this 2 years ago and it was the best financial move I have ever made. If you start buying other prope...
Welcome to our question of the week! This is based of a Facebook discussion about wanting to hear more average income earners accomplishing their real estate goals. If someone wants to get started in becoming a real e...
I just acquired two identical, side-by-side duplexes and am starting to plan out my rehab project. I'm starting my focus on one unit, to figure out what works and does not work, and will hopefully then apply all those...
Hi all,We are considering shifting our focus more toward STR, like everybody else :) There are a couple of Caribbean islands that are close to our heart, and that we feel reasonably safe starting out in. Questions as ...
Well here we are closing today on our First BRRRR. We got it for $72,000 and it needs approx $25,000 worth of renovation and we think it will rent for $950.00 for each 2 bedroom i bath and garage. This is our 3rd d...