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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%,...
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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 ...
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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...
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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...
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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...
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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...
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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...
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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.
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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...
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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 ...