So me and my wife have 7 SFH’s and a duplex. All great returns and cash flowing great. Really interested in a 9 unit apartment building has a attached little office and a nice new storage building/garage on property. ...

Hi, I have been reading about the 50% rule and I use it for my rough analysis. My question is: Is he 50% rule enough to cover major expenses if you plan on holding the property for many years (roofing, AC, etc) or do ...

Hello,I would like to hear any creative ways to pay an onsite manager.  I hear a common way of paying anywhere from 5% to 10% of gross rents, but I'm not sure that is how I want to do this.  I believe in and want to c...

I have a home for sale, price 900k.  Not free and clear, has about 480k left on mortgage.  Someone asked our realtor if we would be open to seller financing.  We are early in process but I am leary of everything, as t...

I am currently looking into a 8-unit apartment building. It was built in 2011. The asking price is $600k. It was built as "condos" so there is potential to purchase it as 8 separate mortgages and have a lower interest...

I have a general question about purchasing a multi-family with 5 or more units. I've heard from a few sources that banks will not question your income when looking for a loan on this many units. For example, if I were...

So this is a total newbie question but how do you guys handle your reserves? On a rental that’s renting 1500 a month and saving 15% ($225, 5% capex, 5% maintenance, 5% vacancy) it just seems low to me. Am I just being...

Watching a Hubzu auction that ends tonight. Its base bid is too high so it will likely expire. The place is perfectly nasty to scare most away and I would like to have it at the right price.Anyone ever try to contact ...

Yesterday was the closing day on my first property (in Huntsville, AL).  I wired the cash to close from my bank (USAA) to the account that the closing attorneys provided.  The attorney's assistant said she was a littl...

I need some help with a decision on our new property. This is our 2nd rental. We are buying a 2br/1ba home in Hammond Indiana for $105k (a smaller 2/1 just sold nearby for 120k). In order to close on the property we a...