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So I am working with an investor who is looking to owner finance a rental. This is my first time using this approach and have some questions. I want to ensure that I am understanding the deal correctly.Purchase Pric...
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I heard an investor on a call say it's best to have some debt on properties for protection. There wasn't time to discuss in detail so I'm asking you all fellow investors about this. What's your perspective and why? I ...
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Hi Everyone!Nearly 3 years ago I finished reading nearly every article and blog posts here before finally feeling confident enough to buy my first income property.About a year later I finally purchased my first income...
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First post! Been following these forums for months but I finally have my own reason to post for some advice:I have a tenant that's a hoarder and only paying ~$399 a month for an apartment in an area that's going for o...
This is so ironic: yesterday I scheduled a guy to come cut down two big elms on the property and today a tree branch fell on the tenants car. This branch came from a giant maple which, has proved itself to be rotting....
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Hi everyone!
I just opened escrow on my first property! It's a 3 unit, single building home and I am super excited about it. It's an old 1910 California craftsman style home with 2700 sqft in a historic nei...
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"If you want to grow, get out of your comfort zone."Hello all. I wanted to start this thread as a marker for the decision I made about two weeks ago after visiting family in Detroit for two weeks (and multiple prior v...
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My lender, that is doing a re-fi for me on 154 units sent me this. He was telling me to get ready to buy more when these balloons come due. What say you? Rich
Inexperienced Multifamily Investors Could Damage Sector
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Hey guys,
I wanted some advice. I’m deciding on putting an offer down on a luxury property that is priced at 250k in the local dallas market. The only problem is that this house is in a neighborhood that has some ...
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I am just starting the process of looking at real estate investments in Durham, NC. Here's a little background on my situation:Currently live in NYC and will have to stay here for the next two years as my wife is in g...