$3K? $5K...$10K? How much per house do you set aside for an emergancy, evections, something broke?
Hey BP, I'm working on doing a full unit rehab (after the inherited tenant moved out). When we're done the rehab & get it rerented we'll conservatively cash flow 600 a month after cap-ex, repairs, etc. Do you use ...
Hi all, I am 22 years old, graduating college this December. I am planning on being in my area (Central Illinois) for about another year and a half.
I love the idea of house-hacking (I will definitely be doing one). ...
Hello all,I am a newbie still learning the ropes, and so far it seems that acquiring my first rental unit should be pretty straight forward. Although it may not be easy and will take time. My questions are:What amount...
Let me say first, this may be in the wrong forum but this seems to be the closest to the topic at hand.The question is, "How does one account for Vacancy and Repairs?" The question is specifically related to Quickbo...
I’ve been bidding over and over again on an Auction.com home. For what ever reason it doesn’t hit the reserve price. At the end of the set auction time frame, it resets and goes back out for a new Auction the follow...
Hi all-I am just trying to understand the REO market better.When does an auction that is in foreclosure property become an REO property?Thanks
Good morning! I'm interested in getting an FHA 203k loan to purchase a 2-4 unit home with. Some of the things I've read online suggest that a bank will only lend you that money for a multiplex if you have some cash re...
My husband and I want to purchase our first short-term rental property. We have enough to cover the down payment and closing costs, but not reserves. My plan is to get a HELOC on our primary residence to use as need...
Fannie Mae makes an announcement today to raise the number of financed investment properties back to ten. Since October of 2008, Fannie Mae had lowered the number of financed investment properties a borrower could hav...