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Anyone else considering doing this? Is this a crazy plan?My plan:
My wife and I lost daycare so we're splitting time off to take care of our children.
We have significant cash reserves and 75% equity in current RE ...
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Hi all - I am working on establishing what I hope are realistic goals and trying to form a business plan around them. As I do so, and attempt to crunch numbers and look at listings for practice and to get a sense for ...
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I have my first rental property and my first tenant is a needy one. He literally calls at least once a week about a problem. Some were legit, like a running toilet. Others, not so much; such as his wife thinking there...
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Are you doing anything for your tenants over the holidays? Any gifts? Holiday card? Etc... Or nothing
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I have been asked to manage a property for someone that is moving out of state. I was approaced by him because I have two rentals that are in the same neiborhood of his. I manage my own properties but was wanting to ...
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I have recently come across a strategy that would shave my mortgage from 30 years down to 10ish years. I would basically convert my mortgage into a first lien Heloc. A calculator to see if this strategy would work for...
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Hello fellow BPers, i've tenants in my house for 10+ years. For a while I engaged different property managers. But, due to various book keeping, timely rent payment and other issues, i had to let them go and self m...
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Hi,
My
father purchased this 2-family house (R5 Zone) back in 1976 in Astoria Queens,
and just like many other landlords in NYC he rents out the
cellar/basement.
I've been reading
online the definition betwe...
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I post on here everyday, I see every question. Most have been asked 20 times and can be answered with 15 min of research. Would like to see some more thought out questions here and learning opportunities for investors...
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Hey :)
so the basic rule for a good REI is most of the time
100% finance w/ a cashflow of 100$ per unit
but what is wrong w/ buyin RE which is breakeven cashflow wise?
simple example:
-no downpayment
-100k credit a...