I've noticed a steady increase in Tacoma, Vancouver & Olympia MFs to the point where these properties don't even come close to meeting the 1% rule & would actually be breaking even or taking a loss if purchase...
I purchased my first STR two years ago for $575k. The property could be sold for $900k today. I should have a positive cash flow of $10k by the end of the year. I want to know if there is anything I should be doing...
Hi everyone~ 4 months ago the neighborhood my apartment building is in got hit by a tornado. My building came through with only light damage that has been repaired, however there are many surrounding buildings that we...
What
would I do if I knew where rates would be in one year?I'd like to make a simple argument. I'd buy either way. I know this sounds a little too simplistic, but I literally sold my financial practice after 18 yea...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $255,000
On Market duplex. Negotiated from 325k to 275k. Used inspection to bring down to 255k with 3% seller ...
Hi all, I’ve recently started reading the BRRRR book. Is the B(BUY), and the whole strategy premised on buying the first property out right without taking out a loan? Then later taken that equity to get a loan/refinan...
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $321,000
Cash invested: $8,500
I assisted an investor in purchasing the next-door 8 unit building for an extr...
Hello everyone,I’ve been doing my research on and off. As I would like to purchase my first property to rent. However, I make 25k and was denied a 235k loan 🤭. I’m looking for a second job at the moment as a customer ...
Hi Everyone,
I recently bought my first piece of property 2 years ago (3BD, 2B, 1300 SF) by putting down 10% ($60,000.00). I am looking to refi once the rates drop to bring my P&I down and hopefully eliminate the...
Hello all,We are looking to purchase an investment property.We are wondering what the best method of financing is so I thought I would crowdsource some info:Conventional: We wont need the loan until October as it is a...