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I have a multifamily that I purchased through an FHA loan. I live in one unit and rent the other. If I were to move, I could definitely cash flow approximately $1100 a month after expenses. The property has appreciate...
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Hi,
I am looking up ways to make money to fund my real estate endeavors and see that many people start off wholesaling houses. What advice would you give to someone who wants to start wholesaling deals?
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Hopefully I explain this in a way that is easy to understand. This is my first rental property purchase and also the first time I've really had to deal with any accounting of this nature, so I would appreciate any gu...
I'm in the process of purchasing my first duplex. This is one I'll be "house hacking" so I applied for an FHA loan and made an offer on a property. However my lender is now requiring a comfort letter from a CPA. My re...
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All,I have a subject to deal locked up and I'm trying to figure out the best way to fund the $20K rehab.I have an IRA that was rolled over from my previous employers 401K with a balance of about $17K. I also have a 4...
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Just bought a two flat (6 bed, 3 ba) in Chicago's Hermosa neighborhood. PITI is $2350 (FHA on a 380k house)
Wife and I will live in the 2nd floor unit and plan to rent out the 1st floor for $1500 a month. After expen...
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Good morning everyone! I have a question in regard to transferring funds from an annuity account into my brokerage account. I am getting started looking at investment properties and I was thinking about transferring t...
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Homeowner wants to sell their home for $360k. The comparable homes sell for $260k. How would you help them understand how much their property is actually worth without ordering an appraisal?
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Hello BP! I'm hoping to pick you guys' brains. This would be my first real foray into both renting and flipping.Background: Husband and I currently have a home. I'm working with a seller right now that I originally pl...
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Hi all! I have an opportunity to jump into a turn key triplex in a nice part of town in a high appreciation market (St Pete FL!). This property should cashflow anywhere from $200-800 (net) depending on what I can rent...