Jewel B.
Purchasing a Property: The Key to Moving Quickly
Happy Hump Day!I am a new investor looking to acquire my first property as soon as possible (without rushing into a bad deal). I'm wondering what systems, processes, people, or steps I should have in place in order to...
Nadiyah M.
Use cash or loan for renovations
Estimates upgrades and renovations on my recent rental property is approximately $10k. Should I use personal cash on hand or take a small loan and leave the cash for emergency purposes? The monthly rent will cover t...
Julie Haveman
Do I keep capex is a separate account or cash flow them?
Wondering if other investors keep the capex money in a separate account each month until you need it, or use it for other purchases and just cash flow as things come up? We have cash reserves as an emergency fund also!
Dominick Marschall
New investor, please help
I've inherited a duplex worth approximately 195k, I owe 89k on it. I have rehabbed the duplex a couple of months ago and both units are now rented. Total rent is $1850/month. Cash flow of about $820/month. Older home ...
Bill Regan
Pay off Student Loan prior to Mortgage app?
Hi. I've got about $3,000 left to go on my student loan, with a payment of $156/month. I'm going to be applying for an FHA mortgage in July. Only other debt is a car loan of $200/month, credit over 750.Wondering if...
John Humphries
Where do you put your reserves?
Hello all,
I have about $400/month leftover after holding costs from my house hacked triplex each month to put towards maintenance, turnover, and capex. It seems ridiculous to let that money sit in checking or savin...
Andrew Hatcher
Creative Property Management Payment Structure
Would you be more interested in hiring a Property Management Company that charges 7-10% of the monthly rent and 50% of one months rent for a move in fee or one that charges a low monthly fee, say 5% of the rent, and ...
Peter Amendola
Flip to diversify my portfolio
Investment Info:
Single-family residence fix & flip investment in Tavernier.
Purchase price: $230,000
Cash invested: $55,000
Sale price: $420,000
Sold the property to diversify my portfolio; ...
Andrew Michaud
Am I over extending at 22 years old?
I bought my very first piece of real estate 3 months ago. Its a 3 unit apartment I got a great deal on, awesome tenants and things are so far running smoothly. I have my eye on a second property. A 6 unit up for sale ...
Taylor Howes
How should I do this?
Ok I have been reading a lot about investing. What I want to do is become a land lord and buy property for rental. The only thing is I do not have much money and my fisco credit score is not great. Should I just take ...