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In 2020, I bought my previous primary home with a 20% down payment and a 2.5% 10-year ARM mortgage. Since then, the housing prices have risen about 50%, reducing my leverage from 5x to around 2x. I'm considering purch...
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Hello all,
I just wanted to share my recent decision of a retirement account to set up for my self and the reason why.A little about meI currently have $0 in traditional retirement accounts(IRA, 401K, etc). I took an...
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My home is paid off, and I'm taking 80% out of my house in a 30 year refinance loan. My plan was to purchase three - five SFR's for cash using 20% of my own cash and 80% from the refinance loan for each purchase. Tha...
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Hi! I am looking to start my investment journey and I have been seeing all this hype about air bnb. I wanted to know if air bnb arbitrage was a good choice to go with or is it actually dead how people say it is. I liv...
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Hello! I'm new to the real estate game. I'm very interested in flipping properties. I have found a good market and have built a good team thus far and I'm ready for my first flip. My question is about the funding for ...
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I'm looking to find a job to make 6 figures or more in, any ideas? I need a job that brings in a good income to save it and invest it back into real estate.
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Hi All,
Pls excuse the newbie question. I have experience in SFR rehab flips, but none in MF, which is where I want to go. In SFR, I can make a cash offer and my money is tied up for a short period of time, until I r...
Hi all,I am about to make an offer on a duplex property. Here are the details:Purchase price: 55,000$Rehab: 5000$Currently rented: 900$ per month (400 and 500 each side)Expenses: Approx 400$ (includes property tax,...
Advice needed on how borrower should proceed with collecting overpaid Mortgage Insurance Premium. FHA loan met 79% threshold as of September 2016 and borrower requested cancellation of MIP payment early 2019. Amount o...
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Suppose I'm making a cash offer (no financing contingency) on a property. Reasonable seller is going to want some kind of proof of funds. Which of the following, if any, would suffice?1. Current bank statement showing...