Are there differences to consider when house hacking in a high-cost area versus house hacking in a low-cost area? Does this change depending on whether or not I make a 20% downpayment?
Hello everyone,I am seriously considering becoming a landlord, and recently I started looking at the "starter" properties nearby. Found a three-unit property with the asking price of $150k, property tax of about $7700...
Note: Numbers are just for example purposes:
We bought our first investment property, a conservative condo, in 2018 with following numbers:
Total Monthly Expense: $1650
Total Monthly Rent: $1700
Monthly Cash flow:...
I have a tenant who has paid insufficient rental payments for a few months in a row (rather than the $1,900 rental payment due, he pays $1,800). The remaining and late $100 is paid very late in the month. For the...
I've got a potential duplex deal where seller owes about $115k at 2.5% and is tired of the headache. They just want it gone, and are open to me making payments to them. The initial price they threw out was $240K, wh...
So I am about to start a new job and will soon be moving out of my parents house and paying my own bills. I was thinking about what kind of insurance plans I should get but then I realized there's probably a lot more ...
Strictly looking at it from a cash flow basis and assuming it needs no major repairs. What would you pay for a 2 unit that collects $2,400 in rents. I am just looking for a 30,000 foot offering price. Not the lowest o...
Ok, so first I want to say I'm not counting my chickens until they hatch, however, as this deal gets closer to closing I am left wondering what I should do with the money. 50K profit on my first wholesale deal that I ...
Hi fellow investors. I was evaluating a 88 unit complex and based on T12 financials it runs 69% expense ratio. Based on the actuals it is worth $4.2mm.Now the property doesn't have a listed price and they are looking ...
I'm extremely new to this, please forgive me for my lack of knowledge and for starting a (possibly unnecessary) new thread.
When investing/purchasing, doesn't the interest require you to end up paying a lot more the...