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Hey guys, I’m closing on my first property next week. I just got my disclosure forms and saw that my closing costs are right at 8k. The purchase price is 135k, I put down 10k using a conventional loan with 3.5% intere...
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Investment Info:
Other commercial investment investment in Talent.
Purchase price: $1,500,000
Cash invested: $15,000
Recently purchased a self storage facility with 106 units, 46 RV spaces, a 4200 sq...
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Hello everyone I am a new investor in the Chicagoland area, and have a question about acquiring my first property. I’ve met with an attorney to create a LLC for a wholesaling operation, but I know that it becomes tric...
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Hi, if one was to add a second unit to a small home and convert it to a duplex. Let’s say the addition was 900 square feet. Any estimated range of how much this would cost? Thank you in advance!
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Hey everyone.I got a new lead from my fb ad today (its my first time doing lead generating ads so im happy to see some results coming from it) and while qualifying the seller, doing my due diligence and confirming wit...
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Many of the lenders of investor loans I've been speaking to will mostly/only lend to a business such as an LLC. I've heard a couple investors talk about having an LLC for rentals, and one for flips. As someone who is ...
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Hi MF friends, Happy Thursday! I'd love some wise advice on the following. I'll start with the basic ones. 1) Apartment rent appreciation in a city: Does anyone know a good online source for this? For a city like San ...
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Hello again everyone!Not too long ago I asked about the obstacles of buying multifamily properties in an expensive area like the one I live in (Seattle). After looking around and getting a whole lot of discouragement,...
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Yes..and no. Per Statute 494 which governs mortgage lending, an exception is granted to those who lend THEIR OWN money. So--can you lend OPM and stay within the law?My interpretation is YES--provided you lend the mone...
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HI Everybody!Im a relative newbie and Ive finally come to the point where I must LLC. I currently have 2 houses in 2 different states under 1 Umbrella policy but the insurer will only let me do this till mid year. No...