I need proof of funds for one of these properties I have. How do most of you guys deal with a seller asking for proof of funds? I hear most use a hard money lender. Any recommendations?
When looking at expenses related to a property (vacancy, HOA, utilities, PM, repairs etc), how is that set up within a bank account? Do you lump them into one account and then dip into it when a vacancy or other expe...
Hi everyone,My wife and I have one rental property and are saving for another one. By my estimates, it will be about two years before we can get another piece of property. What do you think I should do with my money i...
Friday off let me I troduce myself and say hello. I'm new to the board and from a sw suburb of Chicago. My wife and I recently built a new home and were fortunate to rent our first home and keep it. I've always lov...
I have a crappy job, so money is an issue and I am trying to figure how to make some quick money to buy rentals which what i want to do in life.
Say you had 2 properties. Property 2 suddenly needed a new roof. How do you know if you've saved enough in cap ex funds to pay for it? I can't imagine each property will have its own separate bank account.
I guess...
Hi all! I have one town home I am currently living in and hoping to rent beginning in 2023! (hoping to do a mid-term rental, furnished, focusing on professionals/traveling nurses). I know I need to get a credit card a...
Hello everyone! So i'm currently learning the business and saving for my first property. I want to own properties and rent them out and eventually want to flip houses once i make enough mo ey to play with. I want to s...
Hi guys,
How would you guys use 20k to invest RE in? (SoCal, where houses near me are all at least 650k+ )
Any advice/tips are welcomed.
What in the world am I missing out on? Look at this article: http://www.businessinsider.com/college-dropout-bui...This man dropped out of college after his sophomore year (I'm starting my junior year) and began inves...