I'm pivoting from Chicago SFH investing to multifamily (South Side), but I wish I had arrived to the party 6 months earlier. With investor mortgage rates above 6% plus points, prices on the South Side barely meeting t...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $480,000
Cash invested: $24,000
Purchased using a 5% down conventional loan. I bought this home and lived in it w...
So I'm thinking of purchasing a house out of state since my hometown market doesn't make much sense to purchase in. Anyhow for those of you that manager your out of state properties yourself, I have a few questions a...
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From the onsite, it doesn't appear to be a good deal. Please give me some of your thoughts:
Type: Duplex, fairly new, not a fix-upper (mostly updated, need minor updates that shouldn't cost more than $5,000)
Asking ...
Hello, I'm new to investing, and with the current prices against current rents, I'm finding it difficult to get properties to cash flow. As far as I know, I am pretty thorough with the calculators. Is it just me? Or ...
I'm trying to buy my first duplex. I have one under contract, and I'm trying to determine the initial repair costs.I need to decide between keeping the slate roof and repairing year to year, or just replacing. I'm loo...
Would doing an interest only mortgage be the cheapest for lowest monthly payments, i want to get the most cash flow as possible, is the interest rate on that higher or maybe doing like a 5 percent 5/1 arm be better o...
I am at point in my real estate career where I can start looking at properties in the 1.5M range, and want to know if it would be better to wait or if there are good deals to be had. I work in residential RE and the m...
My plan
I plan on starting small with 1-2 SFH LTR in the Northeast Columbus and/or Akron/Canton area. Ideally, a property that only needs minor cosmetic improvements (paint, floors).
Pre-approved to $600,000
Sav...