So here is the situation. I am a full time college student, 20 years old and I'm closing on my first deal on January 15th. The purchase price is $11,500; it is a small single family house 2 bedrooms and 1 bath - 864 s...
Not sure this forum is in the right category?Is finding a lender and working out a good deal really not impossible? The first step is confusing and because of that it’s terrifying. Me: Credit Score 580 and that’s up f...
Hello, I own a duplex in Michigan and I am considering a land contract. I have a 100k mortgage on it, was selling for 140k with $17500 down, 6.25% over 5 years. Is this a good idea? the potential buyer keeps referr...
Hi. I wanted to ask if this is a smart move. I am just starting and I want to own a 4-unit multifamily in Los Angeles, CA. This will be an expensive purchase. I plan to put 50% down to get some positive cash flow on t...
I have a leverage question, would you spend $90k to get a property with a $1300 mortgage when comps in the market would be closer to $2200?If I go VA, I could get a similar property for no money down but have that $22...
My husband and I are trying to decide whether or not to pay off our first (and only) STR in Palm Desert. We bought a 1 bedroom condo in July 2024. November has been our only cash flowing month (barely), but we anticpa...
Looking for some input on how others would approach this situation. Currently own two properties under different LLC. LLC "A" has a commercial property, no loan/debt, with a 15 year NNN left on it valued at 5-6 Millio...
I have some current rentals but they are what I would call low risk low short term return (college student houseing in good longterm hoods)with high appreciation potential. I manage these myself on top of a 40 hour jo...
Let's say you are going to buy your first rental investment property. You spend a year researching your market, learning how to analyze deals, and after some time you come across a property for sale that meets all the...
When screening potential tenants, do you consider low credit scores a dealbreaker? It's obviously a heightened risk, but how much riskier? Do you find that most with low scores tend to be more risk than they're worth?...