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At what point should you shop around for loans? When you are getting pre-approved, or later when you are ready to put in an offer? I just spoke with one lender and might have them run my credit to get pre-approved. Is...
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Hello all, I'm looking to keep my current home and rent it out in the Chicago market. My current payment is around 700 less than I can rent it out for, and it's in an area that is rapidly growing. I'm wanting to move ...
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Need advise as to what options I have as a landlord.... Tenant signed lease on June 28th to begin leasing my home on July 1st. When leasing agent tried to contact tenant for security deposit and 1st month rent 3 days ...
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If I get a owner occupancy loan and live there for 1 year, can I move out and get another owner occupancy loan?
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $198,000
Cash invested: $7,500
I completed my first seller financed deal on a 3 bed/2 bath ranch, single family hom...
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This is my first investment deal. I am in the process of acquiring a small self storage property consisting of 26 units from my parents. The rates have not increased in 14 years. Rent collecting, and paying is incons...
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Hi BP members,Can anyone please clarify the difference between cash flow and NOI? At first, I thought they both are the same thing until I started researching up on other stuff like the term Cap Rate, which confused m...
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Here's what I have (conservative estimates below):Primary home and Rental home: 1.5 M in equity (900k+ and roughly 600k) Income and Liability: I am self employed now for over 2 years, not have a consistent income. My ...
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I found out today the monthly cost of a house I am looking to buy. The montly cost is roughly 1700, 180 of which is mortgage insurance. I am only putting 5% down on the house. I was told the reason i must pay the ...
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Hi everyone! On a previous post I was asking about house hacking, but my initial idea consisted on buying townhouse/condo in Columbus Ohio . Here's my two questions:- I've heard people say that Investing in Apartments...