Mark Frattini
Finally purchased my first duplex!
After a few years of reading, researching and listening to podcasts I finally purchased my first investment property in Michigan. Below is my analysis on this duplex. Please let me know your thoughts and if I missed a...
James NA
Assigning a property at retail value
Right now I'm in the process of putting a house, in perfect condition, under contract. Seller is really motivated. She lives too far from her job and wants to move. Loan is 160k and the house appraises around 180k. It...
Matthew Cole
Bank loan woes
Just thought I'd share a frustrating situation I'm dealing with right now with a big box bank that starts with the letter B. I was supposed to close on my 5th property today which is a 3-unit property.
I learned yes...
Robert E lunt
My first BRRRR using hard money
Investment Info:
Single-family residence buy & hold investment in Largo.
Purchase price: $80,000
Cash invested: $12,000
I purchased this through my private money lender who wholesaled it to me an...
Wendell Torrey
Appraiser found water in the basement and foundation cracks
This House was to be our third rental property, our second deal of this summer. The appraiser visited earlier in the week and found water in the basement and cracks in the cement block wall foundation. My realtor is s...
Schuyler Witt
Second Deal (from 2014)
Investment Info:
Single-family residence buy & hold investment in Tucson.
Purchase price: $49,000
Cash invested: $39,000
2/1 SFH. I bought this rental with no (personal) money down. I paid the lo...
Ilya Z.
Can I refinince a rental/flip without seasoning
Hello Everyone,We found a property that might be a good flip. We don't want to do the rehab/flip right away for a couple of different reasons. The property has a good tenant and it seems that if we buy it with a conve...
David Warner
BRRRR, "Not so fast" cash out refinance
Closing on a SFR BRRRR next week and coming to some realizations not previously considered. This is definitely a rookie learning experience in which I will be taking detailed notes. Lender says that the commercial l...
Randy Clemens
Analyze sfh
I got an offer accepted at 66,000 for a sfh 4 bed 2 full bath. I estimate about 10k to fix it up. Rent will fetch 1000-1100 per month. Taxes are 2500 per year. I am putting 20% down at borrowing rate of 4.625. Does t...
Michael Scarpa
First Rental Property!
Investment Info:
Single-family residence buy & hold investment in Philadelphia.
Purchase price: $95,000
Cash invested: $15,000
Our first rental to our Buy and Hold portfolio! Used a homestyle loa...