I need help analyzing a duplex I've found a recently selling for ~800k and renting for $4100/month. I've calculated the mortgage payment to be around $5500/month with a 6.6% interest rate and 20% down so that means th...
Correct me if there are things I'm missing, but here is why I think this situation is different for multifamily than any other recession.
This is not like any other economic crisis because the gov
immediately deci...
Hello, I recently leased my first rental property and need a better understanding of how to go from one tenant to the next in the shortest amount of time possible. Is there a set number of days I should plan for bet...
Hi all!
I just completed my first deal in Illinois and I am looking for feedback on the closing costs. Here's some information about the deal:
Purchase price: $105,000Renovation cost: $27,500ARV appraised: $140,000R...
6 months ago my partner and I were starting our venture into real estate investing with only knowledge from this site and reading books. We quickly learned by taking action, asking questions, and learning from our mi...
Just wanted to show you guys a property we did in the mozely park area that went under contract within 60 days of listing. I will attach a few before pictures and you can see after pictures here: https://www.zillow.co...
This is more of a rant than anything.
I went to a closing today to purchase a fine gem and the seller would not sign off on his docs due to the $50 escrow fee and a $50 deed preparation fee. He agreed to both of t...
My rentals have had 2 separate floods a dryer and a washer go all in 3 days. Can’t sleep. How do I handle the stress? Does it get better?
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $289,000
Cash invested: $80,000
Sale price: $410,000
First Fix and Flip project completed. Some highlights belo...
Hello,
Thanks to everyone in advance for the help. I've read several similar threads on this site looking for information, but I haven't really found my answer yet, so please excuse another post on the topic.
I clos...