I am close to getting an 8-unit in Dothan, AL under contract for $160,000. Seller will allow me to put 20,000 down and I'll have 1-year to pay off the 140,000 at 6% interest only (700 a month for the interest only pa...
Hi Everyone, Five months ago I closed on my primary residence, a 3/2 condo here in Chicago. After renting out the other two bedrooms to pay for the mortgage, I quickly witnessed how much more you can save when you're ...
Hello,
I'm new to REI and have been trying to educate myself for the past couple months. I have been focusing on multi family. I am a high income earner and would like to replace my salary of around 200k with passiv...
I found and analyzed a property on Loopnet.com and was needing some second opinions on if it seems like a deal. Heres the address. 2717 S Sterling Ave
I just purchased my first home. My plan is to live in this house for 5-7 years. Then, because of the location being five minutes from a large college campus, rent it out once I find my next home. The goal is to pur...
Hello,
I'm guessing this has been asked and answered but my forum searching skills need work. I'm wondering if you would rent to someone when you know they are still under a lease with another place? Their rental hi...
I need some help on dissecting financials for this deal. The property is 4 acres with 5 tiny homes and 1 main house (doublewide). All of them currently listed on airbnb. 40 minutes from Gatlinburg. All of them current...
I closed on a duplex in Buffalo, NY last week. The house (both upper and lower) was vacant, in great shape as the owner had done some minor updates to the flats. The numbers look great on paper and the rents I plan to...
This is probably a very commonly asked question, "Show I rent out my house?". In 4 years I am planning on upgrading to a bigger house. I have a solid 3/2 house in a town with 2 colleges.
I am thinking about using a...
Hello Biggerpockets members,My name is Dane and I am a recent graduate living in the Houston area. I've been reading the forums and listening to the biggerpockets podcasts religiously and have now come to the point wh...