Hi Everyone,I recently went under contract for a package of three houses with a 21 day due diligence window and a closing period of about 60 days after contract signing. This is a transaction in North Carolina and we...
I have a SFR that was my primary residence until I moved out of the state. It has been a good rental for last 4 years, but I need advice what to do with it. I have about $30K equity in the SFR if I sold it now.. I...
I purchased a duplex in October that has section 8 tenants in it. I haven't really had many problems with it, other than a minor electrical one (had to change a plug to get the circuit to work), but I believe the prev...
I'm thinking of selling my personal residence on a wrap, but I wanted to see what you thought about these approximate numbers (rounded for simplicity):
$140k sales price
$30k down payment from buyer
$95k owed on my ...
I'm reflecting back on a situation that happened over the last several days and trying to ensure that I properly identify the lessons learned. I'll lay out the scenario below, and I'm hoping you all can provide some ...
I think we found our first deal! We have been pre-approved for $880K at 7.65%. This is buying down a point ($1495+$6000). Credit score of 770.Is anyone seeing better investor rates out there?Thanks!
I'm working on my investment spreadsheet and have been doing some reading on the topic of Cap Ex. Some people use a number like 10% of the income, but many suggest itemizing your expenses over their lifespan is the mo...
Hi Everyone!Complete newbie here working on closing my first deal. I’m looking to fix and flip. As I’ve been evaluating deals I’m trying to follow the 70% rule. My question is how strictly I should be doing this in th...
Ok, I'll state up front I don't think this is likely but I find it an intriguing conspiracy theory. Basically, the theory goes like this. Last time, the hedge funds knew we were in a housing bubble and were betting a...
I’m curious to know if anyone has undergone a turnover or has had to place tenants within the last couple of hectic weeks. Please share your experiences. Any difficulties or successes? My husband and I are supposed to...