Hi everybody, x-postI’m planning to start a real estate business with one of my good friends. He’s been a landlord on several multi-family units. He has the practical experience and I’m more of a numbers guy. I have a...
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I am already working with a mortgage broker and have run into this issue:I own a SFR outright, but the last tenants did a number on it. I wanted to roll repairs into a note and borrow against the property. Appraisal...
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I'm under contract for my first rental and shopping a loan. Particulars are conventional loan, 20% down, great credit. Rate offered was 4.625%The first quote was $3,300 in lender closing costs detail below.Processin...
I am looking for free or reasonable purchase sale contracts
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Is this reasonable homeowner's insurance for a property in NJ ? It is a townhome. I bought in 2018 for $86K. I collect $1100 rent/per month. I pay for water. Property value is probably $140K+ at this moment. Strugglin...
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Recommendations for a REASONABLE insurance quote on a 3-family in Meriden? The first handful of quotes that have come my way are honestly absurd.
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We are preparing to open our first STR and as I was looking for a good cleaner I was approached by a couple that manage other STR's in the same area. They offer full service for 20% plus the cleaning fee since they wi...
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Hi, I'm about to invest in a first deal, with an acquaintance managing it. It's a remote real estate transaction, where I would probably look to put up about 10% of the investment, with other investors putting in anot...
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How to determine a reasonable offer price on a residential multifamily property ?
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When starting out, and I mean starting out. I’m fresh out of school, opportunity cost is very apparent and seems to be a looming cost. It’s hard what to say is my best opportunity is because I want to do everything, ...