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I am intrigued with the idea ... guy wants to rent for a few weeks and mentioned doing it off the books. It would be a 10K+ booking. Its for him and his family as they visit for the holidays. What are the risks her...
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Hello everyone,
I reached out to 4-5 lenders regarding DSCR loans and found it difficult to make a deal work, even in areas meeting 1% rule.
Here’s a recent scenario:
Purchase price: 244k duplex, good condition
...
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Hi, I'm an out-of-state investor looking at properties in the 60411 zip code. I see the price-to-rent ratios in the area look favorable, and the crime report on NeighborhoodScout.com makes it look C-class but not ter...
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We’re getting ready to go live next month or April. I’ve been researching this question by looking at listings in our same unit (VRBO & ABNB) for different time periods. I read that some people have higher weekend...
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I'm selling a piece of land to a developer, with $200k of the sales price being seller financing. It's due in 12 months (will likely only take them 9 months) at 10% interest paid quarterly. I can get a higher return o...
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I'm originally from University Heights / Cleveland Heights, live in Hawaii now and am beginning to research purchasing properties in the Maple Heights, Warrensville Heights, and surrounding areas.
My plan is to both...
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As a wholesaler, I am quite familiar with the 70% rule when it comes to selling a distressed property to a flipper. However, I have a lead who is selling a turnkey rental that they are just tired of owning. For a d...
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HI BP - There is another very similar property nearby that has hazard insurance and cost less than half as much despite being larger, but is 15 years newer. The one I"m trying to get coverage on is a 60 year old brick...
My wife and I are looking to get into an investment propoerty in Texas. We are using personal contacts to gain knowledge and get conected with professionals. We have been prequalified for a conventional mortgage at ...
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Hi, Ill start by saying I am a newbie. I just made my first investment in July on a two duplexes. I really enjoy being a landlord so far. I have recently taken the approach of sending letters to owners of multifamily ...