My sister is selling her house to me; however, we want to do a mortgage transfer since she currently has a 2.5% interest rate, but the bank will only pay what is owed on the current mortgage. The equity she wants is $...
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I’ve been beefing up on my education. I have about $25k. My goal is to reach my magic number of passive income in 6 years. Any suggestions on how to jump in? Should I flip and save more cash for a larger down payment...
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Hello!I own about 5 rentals in the same city in lousiana. I paid an estimate of about 25k for each in cash. (No mortgage on any).the cash flow is a total of $3,100 a monthDo portfolio loans exist for these kind of sit...
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How does anyone buying in the Smoky Mountains make money buying today?
$1M purchase price and $125k in revenue
P/I/T payments run -$78k/yr (assuming 8% interest rate and 80% LTV)
Cleaning fees -$20k/yr
OpEx - $30k...
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Curious about everyone's thoughts on this. 2020 was a weird year for so many reasons, but one result of the pandemic here in Chicago was a temporary decrease in Assessed Value of properties for the 2020 fiscal year. O...
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Hey all, My family and I are looking to relocate to Austin Texas from Salt Lake City. I’m wondering, we are really excited to buy a home that we want to live in and hopefully have the potential to house hack given wha...
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Hello Everyone,Angela here looking for some advise.I'm own 2 multifamily homes in Newark, NJ. We have been trying to buy other properties for some time but, because of credit and little income it has not been possible...
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After my nightmare experience with some really bad tenants, the tenant i replaced in February 2012 has been nothing but pleasant. She is a executive interior designer for a major bank and she remodeled my kitchen. She...
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Hi everyone!I am looking to buy a new primary home next year (currently my primary is a condo and going to convert that into a rental in 2021) and was wondering if you could use the tools of an FHA loan to buy it and ...
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Hello, my dream is to get into investing in short term rentals and I would love to start in Nashville, TN. I am wondering if anyone knows the likelihood of obtaining a mortgage for a multifamily property without curre...