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I am trying understand how the BRRR Strategy works. Can someone explain it to me with number please. As an example. I looked at a house that is worth 220k and its on the market for 215k. I am planning to put an offer ...
Name is Chris Lombardi and really just stumbled upon my brand new interest with real estate. A couple of my friends started buying homes and apartments just to live in, so I thought I'd do the same and make some mone...
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Hello,When a property is sold, who pay the taxes, the buyer or the seller?
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Hi there! Looking for some advice, so I'll try to provide as much info as possible. My fiancée and I purchased our first home in 2017, and accidentally stumbled into about $125,000 of equity with it. It was a foreclos...
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My primary residence will be paid off in less than two years. At that time, I am going to purchase another primary and rent out my current one. The house will need new windows and a roof within the next five years, ...
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Hi All,
I'm doing some STR research prior to buying a property to use for vacation rental and I wanted to hear from you all what are the typical STR monthly expenses? I can think of mortgage, taxes, insurance, STR in...
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I am getting ready to make an offer on a house that needs some rehab. I am planning to keep the unit as my first rental property. House cost = 85K, rehab 20-25K with value after rehab in the 125-130 range. I was plan...
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Hi All,
I
am nearing an offer on my first multi-family deal in Riverton, Wyoming. I am
doing my best to be thorough in my property evaluation and approach
this as a business rather than a hobby, but recognize I...
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I am working with a seller on three 5 plexes that he wants to sell as a package deal. He is not willing to separate them at least not at this time. All units are currently occupied. Here are the numbers: Asking price ...
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Hey Everyone, So I am looking at my first rental property this Saturday near Lansing Michigan. I am wondering what the most important questions are that I should ask the owner of this three unit rental property? What ...