I am looking to purchase my first rental (first investment in general) and looking for advice. I am getting skeptical I am not doing the right thing due to timing with a looming recession. Coupled with that I am in Ch...
What is your strategy for Multi (5+ units) investment strategies in the high interest rate environment? How are you meeting the DSCR requirements? Are you targeting for deep value add opportunities, or markets with hi...
Looking to purchase a house seller finance for $160,000 @ 7.5% interest rate, 18% down. Monthly payment comes to $917, plus another $350 for taxes and insurance so ~$1280/month due to the seller.Using a private mone...
Hey all,Looking at a 4 plex for $165,000. Needs minimal rehab, is in a C neighborhood and is fully occupied. Rents are at $500 each. Came out to $350/mo cash flow total (just under $100/door) with a 11.40% COC retu...
Hello,I am 26 and am thinking of buying my first rental condo in Chicago to put directly on Airbnb/VRBO. I have owned a 3 bed home in the suburbs for 3 years and think it's time to own in one of the best cities in the...
Hi all,I am closing on my first deal 7/1/24, it's a duplex up-down 2b/1b units with a single garage. I am looking to move into the top unit occupying 1 bed, and looking to furnish the other 3 bedrooms and purpose shar...
Just wanting to hear what part time investors do for their 9-5 and how they apply that to REI.
I'll start:
I'm an actuary with a large health insurer (please, no comments on how health insurers are the ...
So I am new to investing, have done a ton of research, reading, listening, studying, etc. over the past 18 months. My wife and I are supposed to close on our first two investment properties in December (Single family ...
Need a ride? A room? Food? Open just about any app and make it happen — in seconds.Many early millennials went through post-secondary education only to find themselves employed in unrelated fields or underemployed and...
Just so I didn't totally waste 3 hours of my morning and another $150, I wanted to post my findings here. Every time I buy a new cabin I buy a new Kwikset 910 deadbolt. I get the one with Z-Wave. My thought process wa...