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I constantly hear people online (Social media) talking about getting an FHA loan and house hacking a 1-4 Unit property. They say to move out after one year, find a tenant for the unit you were in, and buy another prop...
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I recently came across a thread with the term lump sum principle payments. I've searched this term and have failed to come up with much evidence as to how it helps investors except for with tax purposes.
"I u...
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Does mortgage really matter when your flipping a house? Say I bought a house and it took me 5 months to sell. So in those 5 months, I had to pay mortgage which contributes to my equity. If I sell it, wouldnt that e...
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Hi everyone,just looking for some advice on how everyone is paying down there Helocs when used for down payments on their rental properties. I currently have $107K pulled from mine and of that used to purchase two 2 p...
this guy has said he would do a lease option. i checked out the house and he is totally open to doing it.house is worth 150k. 170k on mortgage. brings in 1425 monthly, and spends roughly 4500 annually on taxes .an...
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Hey guys! Brand new to real estate investing - but I own a Wellness Center in Dallas, Texas and have very good cash flow. I would love to not spend a year in my townhome I just purchased so I can rent it out and buy a...
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I am a licensed agent in Texas and have a FSBO I want to wholesale. Can I use the TREC contract and if so:- Do I put in all of my Brokers information? If I am doing the deal as an investor and not an agent, not sure...
Hello,I was offered an opportunity to invest with an apartment developer.So I would pay $100,000 for 4% interest in a 12 unit apartment build in a Limited Partnership.I have just had a rental unit, so I am not sure ab...
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It's commonly accepted that principal pay down is really profit, even if not Cash on Cash, as it is still a credit to your asset column. Why doesn't that logic extend to maintenance dollars budgeted from the rental re...
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Hello everyone and Happy New Year! I am an investor and I recently just passed my RE state exam for my license. In my midst of talking to Brokers to hang my license I am forthright with them in the fact that I am also...