Hello,Wow, it has been a very interesting last month.Was wondering if any other investors out there have felt the shift in the last month in pricing but also the demand for rentals?It's the first time in a long time t...
Hi, I got around 19k seller's credit for a house of 775k. I have 2 offers from lenders:1. from private lender which allows me to buydown interest rate (I can do 1-1 buydown) and rest money will be used towards closing...
What are the odds all banks will put a pause on our investment loans? I’ve got two Freddie loans and seven loans through my credit union. I’ve got some reserves for this, but I could be out of a job soon myself and co...
I just ran across a Chicago South Suburb (Country Clubs Hills) that still has a Rental License Moratorium in place. This means any investor that buys in the city will not be granted a Rental License, making it illegal...
I have been going back and forth in my mind about how to go about rehabbing BOTH units of a duplex with tenants in the upstairs unit.I thought to commence the rehab on the bottom, offer them to move into it once remod...
I will be acquiring my first rental within the next 30 days, and I started thinking about what strategies I can utilize in the future to mitigate risk and hedge against a market downturn. I'm not saying one will happe...
I just finished last year's taxes and have a large passive loss (after depreciation) on my rentals. But being a passive investor with large W2 income, I cannot benefit from the tax loss (at least thats what my account...
Hi there. I have a scenario I'd like to run by you all. I'm worried that I might be making a mistake on several fronts, but I don't know who to ask. My realtor didn't fill me with confidence.My mom and my grandmoth...
Hi, I’m living in Australia on a temporary visa which will be changed to permanent in 2 years. for a 300k prop I wanna buy, I have to pay 30k more than other people as stamp duty because I’m on a temporary visa. but t...
Hey guys! Thanks in advanced for any assistance on this. Here's the scenario: Seller Asking: $89k (Based on NOI/ Cap Rate, it seemed to be the FMV)Units: 3 Unit Mix: Three 2 Bedroom / 1 Bath Units. Current Rents: One ...