Karl Hudson
Next Move. Rental Property #3 & 4
Looking for some advice with my next move. I would like to purchase two more rental properties this year. I currently own two, which are both generating a nice profit after expenses. One is in Florida, which is alread...
Sarah Caldwell
Salt Lake City Air BnB vs Long Term Rental
My husband and I are in the process of renovating our basement to be a separate 4 bedroom 2 bath unit. We are debating whether we should turn it into an Air BnB or have a long term rental. Does anyone have any experi...
Raymond E. Hopkins
HARDMONEY-Will a hard money loan show up on a credit report?
I am wrapping up a personal renovation project in the next month or so, but have come across a potential deal in a duplex which needs renovation. I do not want to approach a bank on acquiring the property at this poi...
Nick Lucas
New investor need advice
One year ago I purchased my first rental, house hacking a 4000 square foot duplex. I am looking into getting my second one here soon and need advice. I believe I have two options.
Property Info:
Purchase Price: $365...
Jonathan T.
Considering purchasing new home and renting current. Best financing stragety?
Hello,New to REI here and I am considering purchasing a new primary residence while renting out my current home. I am hoping to get some direction on the best strategy for my situation.Current home in a LA suburb- $7...
Travon Allender
Exit strategy - refi out of lender's loan
A portfolio lender is interested in lending me capitol on a property (buy and hold). The lender will cover acquisition costs (purchase and rehab).To date I have been unable to modify the mortgage on my primary reside...
Greg Hodges
Private Lending with ConnectInvest
Has anyone used Connectinvest.com? If so, what are some opinions on this private lending group. Thx
Kyle Johnson
What to do with my money
I currently have one LTR in the Norfolk, VA area. I will have about $3,500 of additional income each month. I’m wondering if I should pay off all of my debt (student loans, car loan and CC) first or if I should buy an...
Buddy Holmes
Call for a simple equation for new Basis in 1031 Exchange?
How to Calculate new Property Basis in 1031 Exchange
Define terms:
Property sold
P1 = Original Purchase price of property exchanged
TDP1 = Total Improved Property = P1 – LV1
LV1 = land value when purchased
TD1 =...
Ross Hayes
Debt Pay Down Analysis
HelloI could be missing the obvious, but I cannot seem to find much information on calculating the return and benefits of debt pay down on a rental property.How do you assess the benefits of improved equity or increas...