Jeff Tracy
Help Analyze My Deal
I'm about to sign a contract on a 4 family in upstate NY. The price is $170K and I'm using an FHA 203K with 3.5% down. Here is the math: Rents $37,200.00 Mortgage $11,748.00 Vac...
Tony Marcelle
Can house hacking be done with a part-time day job?
Can someone get into house hacking if they are only earning a part-time salary from their day job? How soon can that person quit their job they hate and go all in with house hacking? If that person's main goal is repl...
Michael Harris
Free & Clear downtown rental property- How to scale up?
Hey everyone,
I inherited a great home (3/1.5) owned by the family since 1930 in a popular downtown area about 6 years ago. I have ran it as an STR through Evolve (with no great STR knowledge) and didn't clear more ...
Nina Erickson
We have an unexpected 20k. Now what?
Looking for some advice as we are new to real estate investing but want to get started ASAP! We inherited $20,000 unexpectedly. We only have about $5,000 in emergency savings, although our living expenses are quite lo...
Bruce H.
Buying vs paying off student loan
hi,
Long time reader, first time writer. I'm a 41 year old white collar employee that still has some student debt. Over the last 10 years my wife and I have bought, fixed up, and rented out 4 small houses. We...
Michael Wegener
Looking for Advice
Hello all, my name is Mike. I am looking for a way to get into real estate investing. This is something I have been wanting to do for a long time. I have been reading everything available on every topic...books, blogs...
Michael Baradell
Should I be paid a realtor commission if purchasing in partnership?
Hey Guys,
Myself and two equal partners just recently purchased a property in which I was the buyers agent. My question is, since this is a partnership, should I keep all of the commissions ( buying and selli...
Kurt Traynor
10years remaining on rental, should I refi to a 30 and cash flow?
I did the HARP loan back during the crash and turned my 30 year note to a 15 with plans on living in the house until paid. Situation changed and purchased a new home and decided to rent out my home in question. Dil...
Rich V.
$80k a Year Salary is Only $9/hr
An $80,000 per salary salary is only $219 a day.
$219 a day is only $9/hr if you earn income at 24 hours per day.
This doesn't take taxes into account.
What is your time worth? How are you making money work for you? ...
Alex Silang
The dangers of leverage? Could someone explain?
I don't completely understand this and need someone to explain it to me.
2 people have 50k equity in their 100k home. 1 decides to refinance and cash out 25k and bring the house back to 75% LTV. The other is ...