I am currently looking into purchasing a 3-unit property on a lake that is in need of a cosmetic update. I know a lot of the common sayings to increase rental/occupancy rates involve taking professional photos, creati...
We have found a house! We made an offer but after hearing the FHA loan isn't going to work for flipping we are at a dead end. We did research on the different options, and we just want to get some insight as to what w...
I live in S. Louisiana and we recently experienced massive flooring in the three parishes where I run my wholesaling business. My house was also flooded and now I am living with my son while my house is being gutted ...
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Hi,On a 8-plex we are offering on, the seller utilized a 5% cap rate with existing NOI(30k) to arrive at 600k purchase price. If the average cap rate in the area is between 7-8% on similar properties, adjusting this c...
Let’s say I want to BRRRR a single family home using private lender cash for the initial purchase. What is a typical or fair deal to offer a private money lender for his cash (assume I’m using none of my own money)? S...
Good Evening everyone!I live in a "condo/townhome" it's one of two under the roof. My neighbor approached me asking if I wanted to buy multiple times, I ended up telling him I'm interested. He said he wanted 70k I t...
My wife and I are ready to invest in our first property. We have the cash saved, plan to house hack, and have be preapproved for a mortgage through my credit union. My realtor has been great about sending properties m...
hello,
i wanted to get some advice and see if i am on the right track here. My overall goal is to house hack a duplex or triplex and cash flow 200 per unit at a 7 to 10% COCR
i have around 40k to 150k to work with...
I have a duplex with about 200k in equity that I want to use to finance my next purchase. Quicken Loans has called me and can finance 70% loan to value or about 280k on a mortgage to buy another investment.
Has an...