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I was offered a 4.5 variable rate, closing cost of around $300. The way it is amortized is a little different. If it's under 5k it's amoritized 5 years. 5 to 10k 10 years, and over 15k, 15 years. This seems like a pre...
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Just went into a recently vacated unit and found a "sex offender" letter on the fridge notifying my tenants that a sex offender just moved in to the 4-plex next to mine. Was this the reason my tenants moved? Who knows...
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Hello experienced investors. I've been going back and forth on this duplex trying to make sense of all the numbers and am at a crossroads and would really like some help analyzing this purchase.I ran the numbers as if...
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Is it common to have to offer way under asking to make the numbers work or am I looking in the wrong market? Please note that I'm mostly exercising my ability to run the numbers. So the example house may simply be a b...
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My lender is requesting a CPA comfort letter. Has any had experience with a lender requesting this type of document from their CPA? Has your CPA been reluctant to provide such a document due to the perceived liabilit...
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Hello all:I've been sinking my head into this REI world for the past 3 months trying to find ways to earn more money on the side. Not sure if this happens to all newbies and/or of this is just a typical reaction to s...
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I am looking to purchase my first house, and will be renting out the extra rooms. Is there anyone that has owned and rented college homes to students, that could pass along some advice for this market? Or perhaps any ...
My wife and I are seeking out our first investment property, with the goal of acquiring a portfolio of cash flowing rentals for passive income. We purchased our current home (SFH) with an FHA in 2010, before we ha...
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Question for experienced landlords:
How old were you when you bought your first investment property? How old are you now and how many properties and units do you own? How much do you make per year in rent before ...
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I feel beat down. I've done everything right, to get into the game. I educated myself, I joined all the local RE clubs, joined a local mastermind program (which I highly recommend!) and I've gotten wonderful inside kn...