I have a personal mortgage for my rental but it’s owned by LLC so rents goes to business account. How do I pay personal mortgage using those rents? I read the below approach online and wanted to see if this is correct...
Which one makes the most financial sense, Purchase prices 310k to be rented. Rent is around $2200
Citizens bank @
25% down
7.375% 2 points ($4650.00) $1975.91
7.5% 1.7 points ($3952.50) $1995.76
7.625% 1.5 poin...
I'm a long distance real estate investor living in California and investing in FL and TN. I wish I could check in on my properties and other prospective properties quickly and easily, but that would require a 3 hour f...
I am currently looking at my first investment property. The property needs to be rehabbed. Initially we thought we would flip, but now we're thinking of holding and using the equity for future investments. What formul...
So we recently tried selling a house. The day before closing, the buyers backed out. No reason was stated.We only got a quarter of their earnest money.I was under the impression the earnest money exists to protect t...
So I closed on a SFH a few weeks ago that already has tenants in place. At closing I received a copy of the lease agreement. It’s a 12 month lease and they moved in on June 29. As of today they are 6 days late on thei...
Hello everyone,It's been a while since I have been on here. I enrolled in a masters program and didn't have time to be on the forums. I really missed you guys but I am back.So, my wife and I made an offer on a quad in...
I am in the process of purchasing a triplex in central Maine and was wondering about insurance company options out there. There only seem to be a few that I'm aware of and 2 that I have been using over the last 4 year...
First post on BP! Looking help deciding on my 1st deal. 3bed/2bath 2 story Home is older in an Indiana rural community. Built in early 1900s but have had all updates and well taken care of. Nothing but minimal cosme...
Investment Info:
Single-family residence buy & hold investment in Cleveland.
Single family home in Cleveland rented out via Section 8.
What made you interested in investing in this type of deal?...