Hi, so I have this duplex under contract and I know of the 1% rule but that is for single family. How rules do we follow in philadelphia. The duplex is in 19143 near cobbs creak park area. 1320 sqft. Each unit is ...
First time investor here,
I am currently in contract for a duplex that I will be house hacking, with plans to do 5% conventional due to my lender stating this was a possibility. He emailed me today stating that he w...
Hey everyone,
Just wanted to see if anyone has had experience with paying cash for a home to combat the competitiveness in today's market then shortly after re-financing to pull out cash to do the same on another pro...
Hi everyone, my partner and I recently bought a lake cabin in the beginning of December and have started rehab on the property. We have a lot of expenses in December but have not had a guest stay at the cabin yet. Sin...
Guys I read a couple great posts here about HELOC for self employed businesses were there are many write offs to show an income on a tax return. But not my specific situation, hoping some wise minds can help. We are...
Guys, need some help evaluating my potential first property!As of now, the owner has agreed to settle on a purchase price of 52K. Now, I am trying evaluate the best way to finance. I am talking to two separate banks a...
I'm an out-of-state investor from CA investing in Memphis, TN and have come across a townhome without an HOA (something I've never seen before in CA). In speaking with my agent and property manager they advised that i...
Here is my situation: Currently looking at a 4-unit deal, the property meets all necessary qualifications for the FHA program and I meet the requirements for the loan. Assume that all numbers work and the deal is a sl...
Hello everyone. I wanted to ask for some help with my Excel sheet I created. I downloaded a few spreadsheets and most of them seem so complicated so I decided to build my own with the basic necessities for MFR. I know...
HelloI am fairly new to the investing world having just bought my first fourplex last year. Recently the duplex across the street went up for sale and i am thinking how nice it might be if i could get it for the righ...