Hello all I am new here. I am currently in contract for a triplex located in NY. I am in a bind right now trying to get a loan for the property. The purchase price is $765,000 and I currently have 6% down in escrow. I...
Hello, I am new to the forum but not exactly new to landlording or rental houses. I have been a "part time" landlord for the last 8 years and have 3 rental houses. This started as supplemental income and I've learned ...
Wanted to see if anyone else on here is doing the same thing when it comes to purchasing multifamily properties. The last 4 properties I have purchased equalling 12 units was all done with private money at 10% interes...
My problem is, I don't know where to start or what real estate investing is. Am I just shopping, to buy a place, to rent out or wholesale? Do I need to get a team Attorneys, accountants, get LLCs, and etc b4 getting a...
Hi,I recently bought a townhome in temple terrace Tampa in 2022. I am looking to rent it out but the mortgage including the HOA is 2,000. The market in the area seems pretty competitive with some nice apartments costi...
I am working on coming up with a few ratios for a multi family property my company has.
I am wanting to establish the operating expense ratio, total expense ratio, and debt coverage ratio. The debt coverage ratio is ...
I do not include utilities with my rentals as I find it easier to manage and less risk if prices go up or if there is excess usage. However, most rentals in my area include all utilities in their rent. Do they know so...
Hi everyone, My name is Josh and I'm a "Stone Cold Newbie". The strategy that interests me most is wholesaling for the obvious reasons but long term BRRR... I live and focus my efforts in The Columbus OH market. My ...
I am a first time investor and am purchasing an investment property in Baytown Texas for $200,000 (single fam). I was expecting the closing costs to be around 3% but they are closer to 7-8%. Is this reasonable? I a...
I own a rental that has a storage shed. It isn’t very big, doesn’t have power, it leaks and isn’t insulated. I rent to college kids that don’t need to store much. They use the front half.When it comes time to rent to ...