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I found a very nice C class building with 10 units near me that seems like a great deal on the surface. If you use the 50% rule, the numbers are great. However, I have a list of expenses from the owner that total 65%....
My goal is to acquire 167 rental properties in 5 years generating $500/month on average.
Im starting my first year and am planning to buy 10 properties in 1 year. I’ll have $50K saved and $8,000 in credit lines.
M...
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Something occurred to me today as my neighbor just sold his home for 200k more than he paid for it 18 months ago... beware of the cashout refinance. It is different this time. It always is. It is hard to recognize ...
I'm in-between houses, and for a period of 10 days, I'm going to have over 1.3 million in my bank account. A friend of mine suggested that I open a high interest savings account (2%) for 10 days and I'll accrue ~$700 ...
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Hey BP,Long post, thanks in advance to whoever sticks it out and reads it through! If you don't want to read all the details. Skip to the bottom for the TL:DR! Background info- 1.Fiancé and I want to build wealth th...
I have an opportunity to pay off my mortgage by the end of the calendar year. At the same time I have been waiting for this opportunity to make my first real estate investment. I figure these are my two choices:1. p...
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Everyone and their mom is doing Short Term Rentals. In fact, my mom (and dad) and I just went 50/50 on an Airbnb (my 4th). It seems like these days that EVERYONE I talk to is excited about Airbnb and STRs. Even people...
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As a new investor in Southern California, I'm on the hunt for a midwest city to invest in where RCR on multifamilies is a little better. I've been looking in Milwaukee and I keep seeing all these properties that look...
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I called my credit union, Navy Federal and asked them some specific questions about their mortgage programs. Here is what I found out:
1. Only a SFH qualifies for 100% financing.
2. 100% financing can't be used for...