I would like to run something by you guys and ask for some advice. I am currently house-hacking a duplex in Columbus, OH and I think it is actually setting me back. I used a 0% down loan, 7.5% interest rate and have a...
I have a note in FL, borrower isn’t paying the insurance, too expensive, I guess.
Borrower is very abusive and uncooperative with loan servicing … I’ve given up trying to work things out with them. I don’t want to...
Hi all, Just had a quick question on what everyone uses as a rule of thumb for rental cashflow?just to make it simple... I'm talking about financed (20-25% down) 2-3 bedroom houses/condos that are in the 100-150k Rang...
Hi everyone,My husband and I are looking in the San Jose area to buy a multi-family home. We have a prospect that is asking $699,000 for a duplex. After looking at the open house we like that there is great potential....
It is no question that we are in the middle of an economic boom right now; everyone seems to be doing well. With that being said, the Phoenix housing market has taken off into outer space; in real-world terms, the mar...
Although I'm not a big fan of using the Capitalization (Cap) Rate to analyze a property, it is a number used by many investors as a quick one-dimensional metric. It is also one that is more commonly used in the comme...
If I’ve never had vacancy does that mean I’m not charging enough for rent? How do you figure out the most you can charge? Just list it high and if you didn’t get a qualified tenant to lease to then you lost that mon...
Hi all! I’m a 24 year old aerospace engineer and flight instructor in the Seattle area.I’m originally from Rhode Island, went to college at Purdue in Indiana, and have been working in Seattle full-time since 2012.I r...
I’m just getting started in my REI journey after nearly a year of analysis paralysis. I’m an engineer by degree but always wanted to get into REI and get out of the rat race. My hometown of Aurora, IL is where I have ...
We know that HCOL cities have high rent, high property taxes, and high prices for everything. This year, my Slack acquaintance couple purchased a $2.6 million 3bedroom condo apartment in Greenwich Village, Manhattan w...