I have learned a ton on this website, including the 50% rule regarding expenses (not including P&I). Look at gross rents (for example, $1,000 a month), and expect $500 in operating expenses. Now my question is, d...
I recently heard a podcast going over the 2-5-7 strategy.2 years5 homes (B/B+ neighborhoods using the brrrr strategy)7 years to payoff all 5 homesI personally like this strategy, but the brrrr (refinance part is trick...
Hello everyone. So i have got my offer accepted on my first investment property! I did the home inspection and..... Many issues came up which follow:-entire basement supports needs repairs/replacement. By that i mean ...
My husband and I have been on the hunt for a multi-family to move into so we can put 3.5-5% down and rent out our current spot to start making some passive income. The current duplex we live in will hopefully net us $...
I have a large multifamily and it is an older building. As of late we have had several complaints with regards to rodents and pests. We tented and fumigated the building 2 years ago and have changed pest control co...
Has anyone else run into issues with over occupancy in GR? I have a 6-bed, 2-bath SFH that I rent to college students. I used to rent to 6 but two years ago was hit with a zoning violation."Did allow more than four (4...
Im in the middle of this on right now. First off the tenant was 2 months behind on rent and I was starting eviction when I went past and they had moved out in the middle of the night. When I went in the carpet were to...
I’m a Real Estate Agent (RB21002413) located in Indiana. Looking to purchase a rental property in NWI. My intention is to focus on cash flowing Section 8 properties. Based on information on HUDs website and the amo...
State of Illinois... My tenant recently sent an email complaining of bed bugs. In the letter she referenced that I had not responded to earlier complaints but this didn't happen...so it appears she's starting off l...
I have a question about a scenario i am unsure about.
Is it possible for me to get a hard money loan to purchase a house that need rehabbing, than after i am done fixing it up i decide i want to live in it.
Can i ...