I am looking to purchase a 3 unit rental property using an FHA loan. The price of the house is $600,000. I plan on putting about 10% down. I will be only collecting rent from 2 units throughout the first year as I liv...
Does anyone know if a real estate license is required to host an open house for a Realtor? Are there any rules for accepting compensation? I am considering starting a business to assist realtors with their open hous...
I was recently offered 6.75% (5,5,5,5,5) and 7.25%(5,4,3,2,1) for 75%LTV with a 1PT close on a 700K property I own outright --- Is this a good deal?
Hi BP, I have a rental unit that I want to add one room in the basement. I will frame out the walls on the inside of the block, seal and insulate. I was going to drywall it with mold resistant drywall, but would like ...
💭As a landlord, providing the best amenities can increase your rental income and make your property stand out in the market.
💡Here are some amenities that tenants love and are willing to pay extra for:
1️⃣ Central a...
Hi Friends,What are the pros and cons of having a rental house with a swimming pool? I know they don't necessarily add value to a house, but do they add value as a rental? Is the liability not worth it? Is the upke...
Hello everyone! I want to learn how to valuate a property. What is the best way to do this and to learn how to do it? Well, first of all, what is involved in this whole process and how does it get processed? Is there ...
Hello, We own a 3 unit which already has shared basement laundry, 1 washer/dryer. One of the units is a 2bd 1 1/2 bath. We are thinking of converting the 1/2 bath to an in-unit laundry room.Good idea or bad?
I'm closing on my first property at the end of the week. Needed help on my next financial decision.My car loan payoff is currently ~$7200 at a 7.09% apr ($179/month). The loan payoff date will be 05/2024, assuming I s...
I am currently in the planning phase of my real estate investment journey and had a few questions I’d like to ask someone more experienced.
Would it be smarter to focus on paying down my own mortgage and then use a...