Mark Torrefiel
Active Duty Military REI | New to REI World
Hi everyone! I'm new to the REI world, currently living in Elizabeth City, NC while working in Norfolk, VA as an active duty Sailor in the USN. In two months, I will be changing duty stations to San Diego, CA. I've do...
Ryan Elam
2nd home loan impact on primary residence mortgage?
Hi there, I'm just starting my journey in STRs (have 1 up and running currently) and have a question....How do 2nd home loans impact your ability to qualify for a mortgage on your primary residence? One of my potentia...
Jocelyn Canfield
Coming to terms w/ seller on 5-unit w/ signif. negative cash flow
I am looking at a property I REALLY want...but at their asking price, we are at significantly negative monthly cash flow (-$2500). This is assuming me dedicating $ to capex, R&M, Prop Mgmt. I'd like to live in one...
Azin Eftekhari
Depreciation not enough to offset taxes
Hi,
If the yearly depreciation is less than the Income minus all other expenses, do we need to start paying taxes on the left over income?
example :
Net Income : Rent - (mortgage+insurance+tax+expenses) = $7,500 ...
Pj Holmes
Nashville area Realtors! New appraised values through the roof!!
I was hoping to get some insight from real estate professionals regarding the following. During the past few years home prices in Nashville have skyrocketed. This year the County Assessor issued new Appraised Values a...
Chris H.
Cement block house???
I have found a cement block house that we believe is great for a rehab project. My question is what is everyones thoughts on that type of house? It currently has siding on the outside & is finished out on the...
Carlan Niemi
Variety of questions I can't find good answers to!
Hey Guys! Have a list of questions for wholesalers and investors and whomever else out there. Answer one, all, or none.. Just throwing these out there. Thanks in advance for your consideration and attention!1. What is...
Michelle S.
Too good to be true?
We have our eyes on an out of state multifamily 80 units property right under $2 mil. The numbers look very good, meeting the 2% rule. The location is good, safe, but the schools are bad. The seller is putting in an c...
Zachary Becker
Seeking Advice on Renting to Section 8 Tenants in St. Louis Counties across river
Hey everyone! I'm exploring the idea of renting out property to Section 8 tenants in St. Clair County and Madison County, across the river from St. Louis. I'm particularly interested in insights from fellow investors ...
Jerry Callow
Keep or Sell?
Cross posting as I cannot edit the post in the other forumI'm relatively new here and have ventured into real estate investment over the last two years with two single-family homes (SFH). Here's a brief overview of my...