Hi Guys, Sometimes its the simplest concepts that I overthink, but I am having a bit of trouble comprehending a refinance. Lets assume I take out a mortgage for X amount amortized over 30 years at 6%. When I refinance...
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Hi all,I am just getting started and am ready to get some properties under my belt. I am a little unsure of what direction I want to head. Could you please tell me the pro's and cons of flipping vs. renting? How to...
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Do you guys use IRR to analyze apartment deals?I’ve been reading previous posts and I’ve noticed very few consider IRR before investing in an apartment deal. Why is that?
I'm a new investor, I haven't purchased a property yet, first time post. I would like to start out in SFH rentals and move into multifamily, eventually going bigger. I'm looking for cash flow, planning for generationa...
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I wanna’ make this short and simple, so here I go... I’m 23 with no debt, car is paid for, I work 80+ hours a wk (16-18 hour shifts), I pay my bills 3 months in advance which allows me to save 2k a month and my credit...
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Picked up this house in Redford Mi on a bankruptcy deal for $58k. Redford is 15 min west of Detroit. Decent area where homes sell for ARV of around 80-150k depending on size/location. Redford is in the Livonia/Westlan...
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So far I have only bought property within my SDIRA on a cash basis, so have not needed to work with lenders. Soon I will be buying one or more rentals outside of my SDIRA, using 'conventional financing'.
Th...
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Welcome to a new week of Real Estate By the Numbers Book Club! I know we have a few that will hopefully join us this week as well since their books have arrived. This is where we started diving into the math! There's ...
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Hello All,My husband and I go back and forth about selling our previous primary residence depending on the market come July 2021. We lived in it for two years and once the current tenants lease is up in June 2021 we m...
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If I buy a duplex and live in one side, can I create an LLC to control and protect both sides?
Basically I want both rent payments to go to the LLC to pay off the mortgage faster. I figure if I have to rent an apart...