The SFR median in May'20 was 315k, all time high was 315k in Jun'06. Now, with coronavirus, unemployment, forbearance, evictions to begin, strip partially opened, $600 Fed unemployment to end, etc. Is it a good time t...
Let's say you're at a music store one day, looking at guitars, amps, drums, and the like. A salesman (who also happens to be a guitar teacher and successful musician) begins talking to you about starting a band. He me...
I see people every where saying we are in the middle of a real-estate bubble. I also see people working as reps for hedge funds trying to buy up as many rentals as they possibly can.Ask yourself this question. Why wou...
We bought a 3,000 SF lot w/ teardown home in April for $400k ($130/SF) We bought it with 25% down 2 year interest only loan through a local S&L we have a good relationship with.We bought the site because a new sta...
Please help BP
I have a property in Detroit, MI on contract for $20,000. House has been vacant for over a year. House needs the basics:
-Plumbing (bath room and basement)
-Flooring (carpet, hardwood needs to be refini...
You make your money when you buy, etc.If I were to buy a 3 br 2 bth single family in a desirable neighborhood, no repairs needed, traditional financing with a 30yr fixed rate mortgage, would i be making a bad investme...
All, I have my tenant's drop off rent to my small business. The employees provide a receipt and i collect later... Well this evening a tenant stole back her rent. My daughter (20) was working the store this evening wh...
Hi everyone, I was recently approved for a cash-out refinance on my 15 unit apartment complex. The appraisal for the property turned out surprisingly well and the property was valued much higher than what we anticipat...
So I found a deal I’m looking to buy. It’s strip of property along the interstate for $475,000. It’s able to erect 2 digital billboards. The owner is willing to owner finance to me, we haven’t really spoken terms yet ...
Hey guys! Sorry if this is naive but I figured this is the place to ask my "stupid" questions. How often would you say the "50% rule" of expenses applies in real life?
For example, how many years say in 10 ...