Hi all,I am planning to turn the current residential property (SFH, 4b/3.5b) into a rental since I am relocating to another state. I put 5% down 2 years ago (conventional loan with PMI), fixed interest rate of 2.875%,...
Ok, really opening a can of worms here but I am interested in some diverse opinions. Basic question: Should I pay cash for properties or get them financed and leverage myself.
Background. I plan to retire ...
We are up to 58 bank failures in the US (thru July 22). These banks represent approximately $19 Billion in assets including 4 Billion dollar banks and 1 two Billion dollar bank.
This also makes 10 failures in July a...
I know very little about rental properties, but I am a homeowner in the Midwest so I know just about as much as anyone else has has bought a home and done a little rehab. 3 coworkers have formed an LLC and have purcha...
I am a new wholesaler and I am about to put a house under contract tomorrow.
SO the place is totally renovated on the top floor - move in ready.
The bottom floor needs quite a bit of cosmetic work, but is nothin...
For my first home I wanted to start small so my goal was 100k for a 3 bed/2 bath home so I can live there as my primary residence and be able to rent the other two rooms and essentially live without paying for mortga...
Hello all! Quick question for the masses as it relates to starting out in the business. I have limited cash available so my thought process is to get a HELOC or 2nd mortgage on my primary residence for the purpose o...
Hi. Has anyone established a company (llc or other) to manage your own properties? Does it help from a tax perspective? Pros/cons etc.?Thanks.
Hello all,Just signed up after reading a few posts and have plenty more to research. I'm trying to find some advice on how I can use my current property to start in REI.My current property is worth about 210-220k. I o...
I came across this image on a real estate posting that recently sold in June 2018.The final cost of the rehab according to this image was $375,000!!! The image was included in the listing so this could be a marketing ...