I have not run across anyone talking about building or having a reserve fund for a property. What is The recommendation to accrue and pay for a unexpected capital upgrades, i.e. furnace, roof, sewer, parking lot, wind...
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In November, Proposition 19 passed in California. This Proposition changes the way Prop 13 works, the monumental proposition from 1978 which fixed property taxes in California to 1% of the purchase price plus inflatio...
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I was once told an interesting "trick" by a seasoned RE Investor. He said if you could find an investment property (say a SFH rental property) that was owned by an LLC, that you could save lots of money on the purchas...
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I woke up at my cabin at the lake and got my coffee. My wife turned on the TV and called me into the living room telling me what had happened. I stood there watching and at first thought it was a small plane untill th...
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I am getting married next June to a girl I have been friends with since high school and dating for 4 years. She is the least selfish/greedy person I have been in a relationship. Even though I trust her and don't plan ...
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Recently, I have noticed this word "wannabie" being tossed around inside forum posts. I personally do not like it and the guilty party throwing that word out to people he/she does not even know is no different than ca...
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so i'm approved by wells fargo for 145,000 with 25% down. my rate is 4.875%. buying in the scranton PA area. paying no points. and here's the kicker which i feel is insane...$10,059.86 for closing costs and prepaids ?...
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Hi Everyone, My name is Thomas and I just turned 24. I have been an auditor for about a year now and currently working towards the CPA exam. By the end of 2015 I should be finished. Real Estate is where my passion lie...
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We closed on our first deal (buy and hold) Nov. 10th. Here are the details:Purchase price: $92,000Closing Costs: $1,200Rehab budget: $7,500ARV: $125,000Rent: $1,100 - $1,150The house is in Kennesaw, GA in a great loc...
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I purchased my first property in March 2013 right after graduating college with a bachelor’s in finance (Dec ’12) and months after getting my first professional job as a staff accountant (July ’12). Making $35k /yr wa...