Hello everyone. I joined in April and have finally put together my first deal. Please respond with your thoughts. Here it is. 3br 1 ba ranch just over the bridge to a popular Seaside community on Jersey coast. Purchas...
Hi,I'm interested in a 3 bed, 1 bath / unit duplex. The duplex has a large yard and driveway, but has no garage (plenty of room for it).The duplex is an up / down that I think can go for 650 - 700 / month of rent.I w...
We have 100% equity in a SFH rehab project not quite ready for conventional financing that should appraise for ~$285k in a few months and rent for ~$2000, but I'm cash-poor. Want to refi this property for $93k for the...
Hello BP,I started my real estate investing career last year. My husband and I bought our first property last summer, a triplex, with our VA loan. We got the house for 94,500 and have positive cash flow since ($450.00...
I am currently active duty Air Force and looking to make my first purchase this fall when I PCS. I plan on house hacking a small multi family.
My question is about financing.
Would it be better for me to use my VA ...
Hello,
Just finished my taxes for 2008. I noticed that my % of cost from repairs compared to gross rents was 4.7%. I currently budget 10% of gross rents for repairs. IE if rents are $800 a month, I set aside $80 f...
Hi All
I know most of the accepted metrics, like the 50% rule, $100 per door per month, 2% rule, etc. I am seeking both single family homes in decent areas at a discount, with appreciation potential (i.e. decent middl...
15 years ago, I bought a residential property and lived in it for two years. Then I moved away and rented the residential property. I have paid down the original mortgage quite a bit. Can I take a second mortgage now ...