Hey folks,I'm so close to settling on my first rental property. I plan on house hacking it and I'm looking at a 20% cash on cash return after all the expenses for this property. The numbers seem to work. The property ...
We own a LTR that is valued at about $215K, and we owe around $65K on it at around 4.5% interest rate. The taxes, however, have went up so much that we have to raise our rents to a crazy amount (~$1300) to break even....
Ok, I'm going at re post this because it disappeared and in the BiggerPockets abyss. So here goes the lengthy explanation (Again).
I have a client with a $230,000 mortgage on a $260,00 home and a 6 month old bankrupt...
How to go about Subject To? I have an opportunity on a property from a family member but I would like to go subject to route. How Can I explain this to the seller? Pros/cons... ANY info is welcome and much appreciated!
Hi. I would like to know my fellow CRE investors of what u think. We are in contract of this apartment building in Kansas City, MO. 6 units, needs a total rehab/rebuild. Fire sale. Previous owner claimed 150k from ins...
Here's the deal.I called a law firm to
ask them if they could represent me in obtaining
"excess proceeds" from the tax foreclosure sale, but
they told me that only the former owner is entitled to
those proceeds, is th...
I’m coming to the place I can trust for answers.
I was either approached or maybe I reached out to a private money lender for their terms which are 90% acquisition, 6% interest and 2 points. As a first time investor...
Hello all,I'm currently trying to find out if I need to register a sole proprietorship in MO and what kinds of costs that entails. I'm currently looking to purchase my first property. Everything is going under my name...
I sold my rental property to my renter After two years out of five year lease. Title transferred. She paid down $50k. I thought it’s safe. I carried 240 k. She stopped paying property insurance. The insurance ...
Hello all,I received a phone call from the town informing me that there was an accident and damage to my property and that a police report was filed documenting everything. I was just wondering if there are some neces...