In Florida, I know that both a mortgage and note are recorded by the Lender with the Clerk of the Court, but where/how are the points (origination fee) addressed? The notes that I've seen in court records only have t...
Hi guys, I am looking at a condo that could use some updating in the kitchen, bathroom, and flooring. The area that I am investing is an upscale area where I can achieve $1,000+ in rent for 1br apartments. The prope...
I ran some pretty solid numbers on a 5 unit that I am preapproved for.My question is should I be focused more on the cap rate for a 5 unit since it is technically commercial, or stay focused on the cash flow per door ...
Hi, friends,Water started coming up from the drains in my duplex. A Roto Rooter technician managed to clear the main line after a ton of work and resorting to a 1-inch blade (apparently, they usually use only 6- or 3-...
This is my first post here so please be gentle :D I am looking to buy my first investment property. A 3 units multifamily at 420K, brings in over $3700/month. I got 5.99 as a rate for a 30 years mortgage. Should I sh...
Hi,My husband and I are looking at two homes. One is in a bad area, but is cheap and would require some renovations (cleaning, paint, and a couple new windows, etc), but provide quick cash flow ($50,000 + $20,000 reha...
I lost my job before finishing a refinance and I would like to know what my options are? I haven't told the lending company yet, but they are asking for my employment verification. I had a job when they asked for the...
Has anyone had any experience with Condo's? Are they treated just like residential real estate? I know of some in desreable area's with a price that would yield a positive cash flow if rented out but I'm worried the...
Hi Gang!
Question in your opinion how important is spousal support when investing in real estate? Do you think that it should be a team effort, or if one person in the relationship isn't as interested should you pre...
Hello, this is my first time posting in here and I'm in need of some help.So, I'll be making an exit from the Air Force here in the next few months and I'll be moving to GA to help run a Bed and Breakfast previously o...