Navy veteran trying to one day quit my job. I live in Crest Hill IL just outside Joliet or about 45 mins drive to Chicago. I've worked for the VA for about 10 years. I used my VA loan about 7 years back to buy a sin...
Hello, I am in the process of getting a pre-approval before I start my hunt for my first rental property. My mortgage broker is pushing the idea of a non-QM lender being the one who funds this deal. My broker says I c...
Hello,
I recently listened to Dave Ramsey dissuade a caller from purchasing a multi-family building, and I believe he made several valid points. He said that one of the main issues is that the buyer didn't have the...
pros and cons?Suggestions?Thank you in advance
I'm growing my rental portfolio and I am a little confused about how to handle my taxes.
With Maint expenses do I need to record them as they come in and then deduct from Income for my taxes?????
OR.
Can I put asi...
So I just listed my very first apartment EVER! I posted on both Zillow and Craigslist and have received about 10 emails and 5 calls in the last 12 hours (posted at 10pm).My approach right now is to have an "open house...
Hello,
More SDIRA questions - I am putting them under separate heading to hopefully make them more useful to others too.
I understand that I can not 'do the work on the property to make a profit'. As might be the cas...
I saw a deal recently from a wholesaler on BP and I wanted to run something by some of the more experienced investors. I'm well aware that most wholesalers tend to "dress up" their ARV numbers and "dress down" their ...
I hear a lot of landlords on here talk about tenants needing to make 3x the rent to qualify. Is this rule still a reasonable expectation in lower income areas?
About the unit I'm renting: I think I can get 10...
Hi All,
I'm new to real estate investing and am eager to obtain as much knowledge as possible. Currently, I own one property that I live in and one rental property.
One of the general rules I am familiar with is the...