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Hopefully going to do buy my first unit this year. I have a question about what expenses does a landlord typically incur? I know about prop taxes and I plan to have a prop manager which i am told is about 10% of the r...
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I believe it's generally better to get as much loan as possible and save cash for opportunities, but in my case, DTI may prevent me from taking out another mortgage, so I'm thinking if I can't secure a loan, I'll pay ...
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Hi All, We're considering our first private loan and have calculated our costs based on an initial conversation with the investor. Our question is, from initial agreement through closing, what costs may we incur outsi...
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I have been under contract to purchase a foreclosure for approximately 100 days. Pursuant to the purchase and sale agreement, the seller is now in default because it has not closed within the specified term. The prope...
I purchased a home in August of this year with the intent of renting it out by November. I put a lot of money into getting it prepared including new roof and other deductible expenses. I won’t be able to rent until 20...
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I'm looking at a potential purchase of a townhouse with a geothermal heat pump system that is about 17 years old. I am trying to figured out what sort of costs this might incur down the line, especially since it is an...
Hi All I was looking to get some insight on my situation. I had an executed contract to buy a triplex on May22, 2020 and did not close on the property until October 2, 2020 due to the seller refinancing. Inspections w...
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Hi, I'm a new investor and believe I have a good potential. Listed at 120k, comps are solid at $250k. Problem is haven't seen the property, owner is still in property and it's been listed for 1 day. What are the risk ...
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I am considering the purchase of a distressed property in Maryland which looks like a good deal except that there are two boats that have been left in the property. One of the boats is sitting on the ground and is co...