Alexie Franck
Closing costs from 13k to 17k for $380k NJ home
Hi All, I need another opinion/clarity about my closing costs. Home is a multifamily for $380k, conventional loan, bought 1 point and interest is 6.125. Initial closing cost estimate was $13.5k. Just received disclosu...
Kuriakos Mellos
Reserves: how much is good to save up?(General fund or per door?)
Hi all!I will be nearing the one year mark since I began this crazy journey on 9/4 - when my first tenant moved into my parents house that I converted into a rental. Since then I’ve grown to five doors - three of the...
Oksana Walls
Metro Detroit / SE Michigan - Handyman Services
Hello all,I have some properties in metro detroit area that a friend is helping to manage but lately there have been more than usual amount of maintenance issues and I am looking for a handyman that's my "go-to guy" -...
Sean MIddleton
Help with understanding Cap Ex, Repair Costs, and Vacancy Rate
I am in the analysis paralysis stage of learning before starting to invest in real estate. As I am running these numbers I feel like its a complete guessing game for the Cap Ex, Repair Cost, and Vacancy rate percenta...
Cory Melious
Lease breaking tenant now wants to stay
Hello everyone;Im in a pickle and would love some insight into how to handle it. I have a tenant who’s lease is up at the beginning of January. This particular property has forced air heat and the tenant is responsibl...
Richard Schubert
Under contract for 2nd investment property
I’m under contract for my 2nd SFH in Akron, Oh. Found a really good deal on a 2 bed 1 bath older home in pretty decent condition. Inherited a tenant who has been in place for 2 years . Just toured the house today and ...
Gardy Saturne
Cancelling Property Management Contract
I'm cancelling my property management contract with my PM. I'm an out of state investor from NY and my duplex is in ohio. My downstairs tenant has mentioned in the past when trying to reach out for some assistance it ...
Account Closed
Savings vs paying off debt
Hello all. I have ~$24k in car loans for which I had a plan to get paid off in a few months, while continuing to save money to begin investing in real estate... to date, we have accumulated close to $30k, kept in a “...
Charlie Moore
STR PM Long-distance
I'm finally UC on a STR. Been looking for months and really excited about this one.
As I run the numbers, which I am trying to do conservatively, I am seeing that PM companies severely hurt my margins. Obviously the...
Tracy Graham
Refi portion of the BRRRR
Need feedback please. After the rehab is done on a property and the tenant moves in, I have gone back to my loan officer and refi using a HELOC. Is this the best method or just do a simple cash out refi ??? I don’t...