I am trying to get financing for a small apartment complex and the bank was on board for a while. I gave them the purchase price, the down-payment and my financial information.They insisted on giving them the cash-flo...
Hi Guys, Im looking to invest in south east Michigan into rentals but wanted to avoid Detroit. I was looking at Dearborn, Livonia, Redford... Is there anyone who can give me an advice ?
Hello,
Who here does not follow the 50% rule when analyzing/purchasing a property for long term hold? There are a few reasons I can see someone not using it i.e. they are relying on appreciation (not my cup of tea), ...
Most of these markets are in either Mountain or Southwest regions. How does everyone feel about these markets moving forward? Is anyone invested in these markets? Do we think they will keep appreciating?
Hi All,I'm working my way through "The Book on Flipping Houses" by J Scott, and am currently working to identify a prospective farming area.When trying to gauge whether there are buyers in an area, J suggests that at ...
Was wondering if anyone had experience investing in Erie, PA? I'm interested in starting my REI journey there because I am familiar with the area and have a lot of family there. However I am not sure if that is a stro...
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Trying to calculate Cap rate for the primary residence I hold that I am trying to convert to a rental property.Here are the numbers:Original purchase price: $400KCurrent value: $600KCurrent loan amount: $300KPlanning ...
Hello, I am new to real-estate investing and I am trying to educate myself as much as possible. When you look for a property to buy, how do you determine if the property is under or over value and how do you determine...
Hi everyone!When do you think it is too early to choose a market to house hack? I graduate college in December 2021, and am hoping to house hack right after I get out. I'm hoping to get a remote job so I can choose my...