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Hello all! I’m an experienced Loan Officer, Realtor, and Investor! My wife and I currently own 5 single-family units in Detroit, MI that we self manage in C class neighborhoods. Also, my wife is an experienced propert...
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New to site but have been reading a lot of content and enjoying it. So here's my question .I have SFR that I bought in 08 at auction. I purchased for around$115,000, and has been a great rental, but value has nearly d...
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Hi All,I posted this elsewhere but not much feedback. Perhaps this is the better forum for it.There seems to be 3 common approaches to financing rental properties:1- Buy in cash. Hold in cash. Debt is bad. 2- Buy with...
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Found a property for cheap but, it has mold. There is enough equity in it for a major rehab and the inside looks fine except for mold and a few small issues. How bad is it to deal with and when is too much a bad thing...
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I’ve had someone apply for a property of mine that disclosed they want to in turn sublet via Airbnb the rooms. Interested in hearing your experience. Anything specific I should write in the contract to account for the...
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I am considering renting a 500 sq ft in a small office building (1 story, 7000 sq ft) to a call center company.The rest of the building is occupied by real estate brokers, mortgage brokers and insurance agents.I am co...
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I'm still finalizing my ADU floorplan. So a ways off from posting my mid-term rental online. Just hoping to get some opinions real quick......I live in a gated Lake community in California... My neighbor is rentin...
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Say I have two properties, both under separate LLCs and insurance policies.If I get an umbrella policy under one of those insurance policies, can it cover the other property as well? Or do I need to get two umbrella p...
Over the years, I have purchased SFR property on large lots. These deals have always cash flowed well, but these purchases were also made with the idea of further developing the properties.
One property can easily b...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $20,000
Cash invested: $12,000
I'm gonna pay this house completely off and turn this one into a line of credit and ...