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I am attempting to buy my first investment property but am having a hard time with attempting to use rental income without being owner-occupy. I know there is DSCR loans that base it off the cashflow or the property b...
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Hi all,So, I have decided to wait on buying a two family in my area as it is expensive and out of my price range. However, I would like to move out around 26 (I am 24). I am from NJ and have been on the fence of poten...
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Hello BP-I have recently been talking to a seller about a 9 unit apartment complex in Eastern North Carolina. It is all one story, with washer dryer units in each unit, and parking directly in front of each unit, so...
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I have a number of single family homes around 30032, 30314, and 30315. Average rent is $1000, and average house size is 3/1.5. Typical 1950s unimproved, but clean, rental housing stock. Mix of Section 8 and Market ...
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I am looking at a 15 unit multi family. All units are 1/1 around 500 sqft. Income is 81,000 per year with expenses of 20,000 per year. Looking for insights on what to offer for a purchase price since this is an off ma...
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Ok. I have a HELOC of $200k I'm having a hard time figuring out how to start and scale. There is only 2 ways I can think of to make it work. 1. Buy property outright and just pay the HELOC off slowly. 2. Is put a down...
The guy is selling 20 units for 700,000. It isn’t an actual 20-plex but he is selling 5 building all together that consist of 20 units. It cash flows 8,600 a month right now with only 2 vacancies. The properties are b...
Purchase price- $22,000
Taxes- $365 annually
Insurance- $250 annually
Repairs- $4,000
Rent- $500-$600 month
Property management- 10% of rent
Planned repair cost- $1,000 a year
Months not rented- $750 a year
Good d...
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How unlikely is it to have rehab expenses on a BRRRR so high that you can’t get the appraisal needed?I always hear about people who are BRRRRing complain about low appraisals. I never hear about people complaining abo...
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Looking at a deal and need advice since only experience has been residential investing of single family. Here is the info I have for 2016. This is a 16 unit apartment complex that are all 2/1 units.
Income 123,440
...