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What is lowest amount can invest in and where?
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Hello Everyone! Hope you're all doing well! I just began my journey as a REI and I wanted to get some insight on something I thought was a bit odd. Are sellers motivated by the buyer's down payment amount?
A really ...
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I’ve been increasing my financial education and now I’m working out the best course of action using a cash out refinance to purchase my first rental property.My house was purchased for 200k and is now worth 400k. I o...
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What is the best way to compare mortgage options if the down payment and interest rate are dissimilar? I know a lot of people say to put the least amount of your own money into the deal as possible, but that can't alw...
Using my VA Loan my preapproval goes as follows:
1-Unit: $484,350
2-Unit: $620,200
3-Unit: $749,650
4-Unit: $931,600
I live in Chicago, IL and I am tempted to buy a 4 unit in a great neighborhood (and live in ...
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Hello everyone, I am trying to find out how everyone got started with their BRRRR strategy. My main question is how much money would someone need to be able to get started. If it's a high amount (50k) would it be smar...
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So I have a BRRR house that I purchase with cash, renovated and placed tenants. The seasoning period has passed and I am in process to begin cash out refinance. All in for 195k. My two options are to cash out refi for...
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Greetings:
I am doing a cash-out on my 4-plex. I bought it in 2013 for 274k and it is now appraised at 500k. Even so the appreciation is nice, the Gross rent totals $4640 and has room to go to $4800. Note, I pay...
Hi, everyone. Nick here from Hollywood, Florida. I am calculating expenses and not quite sure how to account for CAPEX and reserves.. is it a % of the GI? or purchase price?
Thanks
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Hi everyone,I need some advice. I'm in escrow on a property in Hawaii. The property will be a vacation rental in a major tourist area and has two HOA associations. For simplicity, lets say one is $1200 a month and ...