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I recently purchased my first rental property (Duplex) for $65,000. I had to put 25% down for a 30 year mortgage so I still owe just under $49,000. I do have an investment mortgage on this property because I do not li...
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Hello! My name is Jennifer Clancy and this is my newbie story. My husband and I became accidental landlords in August 2013, we had the opportunity to live in Australia and we took it. We did not want to pay a mortg...
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Our experience with a 203k loan:
Stephanie came across this triplex on Zillow just searching and saw this triplex that had been listed on the market for quite some time. The price was reduced several times over the y...
Hello,
I am getting all the numbers gathered for my first deal, rough total purchase price to be about $110,000 on a duplex. I will need to make some repairs to the foundation and replace the carpet in the entire hou...
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Owning properties in my personal name makes me a little nervous, but the financing terms are just so much better with residential financing for single family than commercial.
Anyone on here, have you actually had yo...
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Hello BP. I would like some advice on securing loans in the name of a LLC. I currently hold a property in Philadelphia. Property is owned outright in a LLC, valued around 180k and occupied with a paying tenant. I ...
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Hi all - I'm trying to get started with my first BRRRR project and I'm running into the issue of existing tenants. When I hear most people talk about BRRRR, it seems like they're maybe talking about vacant properties...
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Do rental rates usually fall when interest rates increase and home values decrease?