I own my home after paying the mortgage off in 7 years. I have $200k+ in equity. I am thinking about trying to use it as leverage to buy a rental. I am a product of Dave Ramsey so the idea of levering what I’ve just ...
Hi,Last year, I spent quite a bit on Rehab, and now have over $3000 in cashback on my credit card. I basically pay my contractor via paypal and use my Citi Double Cash credit card to pay for all renovations. I get 2...
I'm in the middle of two refinances. Optional escrow. I'm curious how you all view escrow for taxes / insurance. I have about $22,000 a year that would be put in escrow. I would like to instead hold that money in eith...
Hi there, I'm a new member and have started using the calculators to analyze a multi-unit deal that I'm interested in. I'm seeking advice on this investment I'm planning. Overall, to me, the numbers don't look too g...
What is the ultimate goal with BRRRR? Wanted to see what is everyone’s ultimate cashflow goal with this strategy. Is it, at the end of this chain of transactions to own a few property free and clear and have less ten...
Fellow landlords, hello! I am doing some research for a research project on the criticality of the time component to the success of rental real estate investing and I would love to get your inputs to create the data s...
Has anyone purchased a property from Hubzu lately? I think their reserve is getting too high where you are better off buying in a traditional market. I also noticed a lot of them now you would need to evict the occup...
I’m looking into possibly starting a small scale, local only lending business as I have a few investors who would like to venture out of the stock market.I was hoping to receive some guidance from people that are in t...
Hey guys,I literally just got my first offer accepted on my first investment property. So far I talked to my mortgage broker at where I bank, Navy Federal Credit Union and they are only offering 4.625% (no fees/points...
Please advise on this property:
72 unit apartment building in a cul-de-sac, built in 1978, all 1 and 2 bedroom units. 1 Bedrooms go for $375 and 2 bd for $425.
Now they're asking $1,000,050 in a short sale.
Their cu...