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ok i do not have all the numbers yet but am wondering what i should be looking for. my real estate agent approached me with a 16 unit and 4 store fronts. net profit a year is around $70,000 owner will hold financing...
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OK, so to give some background.I have a nice condo that is cashflowing $300 a month. Since I purchased, it has appreciated by 85%. Currently worth about 130K, bought at 72K. (20% down 30 year fixed). There is consid...
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I have a 6 unit multi family property under contract as of this morning and just found out that there are no leases. This is my first deal and I’m shocked to say the least. However, I know there are pros and cons to t...
I have a rental that I will be moving in to next year. Consequently I would like to refinance with the current low rates. My tenant is still in the house so I will be stating to the lender that I intend to take occupa...
Good evening everyone.
I am in the process of purchasing a multi-family property. I plan to move into the property with my wife. The bank that is financing us wants us to provide proof of residence after we close....
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Hi. Trying to get some very fundamental stuff answered and clarified.
example 1:
Homeowner Scott Spivey took out a mortgage for 200 grand and bought a house. He paid 10,000 dollars on it and then lost his job. He ...
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Hey investors! I have a 2-family property that I purchased in 2017 that I'm looking to cash-out re-fi. It's value is about $210K, and I have 75K in equity. It has 3 beds down & 2 up, with room to expand. I want to...
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I’m trying to decide if I should claim depreciation on my rental property. The main reason I’m hesitant is that I’m currently a student in a low tax bracket and plan to be in a higher tax bracket out of college and so...
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I'm just starting out in real estate investing and I would really like to start with multi-family properties. Can I do this with no money down?
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I noticed the Chicago market has changed quite a lot since I started back in 2018. I have seen interest rates change from four to two to seven percent from 2018 to 2023. One thing that did really well during this time...