Surendra Chawla
Home Insurance for investment property
Hello,I am looking at buying home insurance for my investment property. Currently have statefarm insurance which does not offer home insurance for less than 2% deductible in Texas (I am told by my current agent).What ...
Amanda Crawford
Financing for 5 Duplexs
Hi all!
My husband and I have a set of 5 duplexes under contract. We were planning to do 5 residential loans with 30 years at 3.2% interest, however since they sit on only two plots of land we are told we are unable ...
William Henry
Investor- Realtor: Raleigh, NC
I will be purchasing a small multi family home in Raleigh, NC this summer. I would like to househack and have been analyzing deals on realtor.com for the past few months. I have established my price range and would ...
Joseph M.
Cash basis vs accrual basis at tax time
I currently own a rental property in my name and was paid in advance for rent. I asked my accountant if we could account for it on an accrual basis and he told me that I wouldn't be able to. Can anyone provide some in...
Adrienne Finch
Coming "Housing Affordability Crisis"- effect on landlords?
Hi everyone,With the U.S. in obvious housing shortage for the next decade at least, the narrative seems to be that this would be positive for real estate investors. Every podcast episode is talking about how the gover...
Nathan J.
What Cap Rates do you go for in Philadelphia Apartments
Hi all,What are people seeing as cap rates in Philly (I assume 15% for maintenance, replacements reserves, and vacancies). For apartments buildings (not SFH)I am torn between getting higher cap rates in areas like nor...
Tina Yeager
Bank accepted another bid-anything I can do now?
My husband & I thought we made a good offer ($100) over asking price for a foreclosed home owned by the bank. Someone else bid $15000 more & won the bid. We have our loan commitment letter & no contingenci...
Mitch Provost
Many low cost homes vs fewer high cost homes
Is it better to have many low cost single family home rentals or fewer high cost single family home rentals (assuming you invest the same amount) and why?
Gustavo Gonzalez
5 year ARM vs high interest rate 30 year fixed
Hi all:So I've posted a related question on this topic before so this is somewhat of an extension of that. To summarize, I have a total of 9 investment properties 2 of which have high interest rates at 7.875%. One pr...
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REO Closing
Can anyone tell me how long it takes for an REO bank to decide to sell? I put a bit in over a month ago, sent an addendum renewing my bid but hve not yet gotten a decision. Is that normal?