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I found a decent property being sold for under $40k. The wholesaler is requiring a nonrefundable $5k earnest money due upon signing of contract. But by email, we agreed to a 3 day inspection period. Does this mean I n...
As a newbie I purchased a foreclosed home with cash at $22,000. The previous loan on the home was for $88,000. Comps for similar homes that are in good shape would be around $100,000. I have estimated that the cost to...
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I'm an newb that needs some advice. I'm wanting to start submitting some cash offers on some properties that interest me. What is the best way to structure these offers that would allow them to remain a strong of...
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I signed up for the free version of HappyInvestor.com out of curiosity and then got sold REKI (Real Estate Knowledge Institute) for $8K. Having serious buyers remorse and trying to get my money back. The little traini...
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What is the risk of the BRRRRR strategy. It sounds good to be able to buy property, rehab it, rent it to a tenant, refinance, then take money out to repeat the process. I know that by doing this, you're building a pas...
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OK for those of you that only have a handful (or 1) rental and a personal residence, which would you pay off first and why?
A couple assumptions-
-You have a lower pay off amount and a higher interest rate on your a...
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So as I have been snowed in my home for 3 straight days I had time to think of some new ideas on investing in real estate. Now before i continue I just want to add that I am very optimistic. I like to think outside of...
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We just bought our first investment property, a large 2700 sqft two-family, 2 up and 3 down, in the village of Hoosick Falls. It was an REO deal and we got it for a good price, but it needs a lot of work. We are strug...
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How do application fees work for rental units? What are some examples? Do tenants get this money back if they get accepted as tenants and not if they do not get accepted? I know one example of these fees is late rent ...
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Hello, my wife and I have about 150k equity in our home are wanting to do a HELOC and use that to buy some STRs. I have a few questions since this is my first time doing this and research online seems to be pretty ba...