Hey Folks,Can you help me develop some exit strategies from house-hacking a fourplex?My long term strategy is developing cash flow to supplant my wife and I's current income.No specific property in mind yet....We are ...
Hello BP fam, name's Ty. First post.Here to seek the collective wisdom of BP to help shorten my learning curve and minimize painful mistakes. Here goes (thanks to Chris Mason btw for this template):Short Term Goal: To...
Quick question regarding DTI for a Fannie loan. As I understand that new rental income (less then 2 years) is calculated as:Gross rent * 75% - DITI = income added What I don't know is whether or not the DITI still cou...
I am a new member and have filled out my profile. What else, and where else, do I introduce myself?Thanks!Peter McCarthyChicago
I am in Silicon Valley, California - which has very high rental values and very high property values. Any thoughts about the best location in the U.S. to purchase property to rent out and buy and hold?Why do you thin...
If you are an accredited investor and your goal is to quit the W-2 job in 2 years would you pursue (and possibly invest in) learning how to sponsor your own multifamily syndication or be a passive investor? Why? Whi...
If I were to get an acceptance letter from the lender for a short sale transaction and I closed on the property and in turn leased the property back to the person who was getting foreclosed on.
The question is, will...
How do these numbers look on a spec deal? Enough return to justify the risk in your opinion?Lot: $325,000Construction costs: $450,000Financing costs: $35,000 (est.)Closing & commissions: $40,000 (est.)BREAKEVEN: ...
Hi everyone... I'm a newbie that is getting his feet wet analyzing properties. I found one on the MLS and ran number against it and wanted to know if I am doing it correctly or if anyone has pointers,Here is the run...
I was thumbin thru the paper today and noticed that gas here in Houston was up to $2.99 per gal. for unleaded. My question is:
What are some of you doing to offset these astronomical prices? All suggestions appreci...