Read several times on here that people bought commercial or MFH and plan to hold 5-7 years...What happens if the market turns the other way and you can't sell, AND the fixed rate expires and you are now facing a highe...
Bought the house in 2020 and have lived in since. Up to date on payments. Have lived in house since 2020. Conventional fixed rate mortgage which was sold to Fannie Mae shortly after originating. Wanting to turn into r...
I've owned (2) rental townhomes for 8 years - I've used a property manager and I've never once had any problems. However - - now, this won't just be a 'side' investment, I am out of my lifelong business career - - a...
Hello, I am currently looking into vacation rentals in Big Bear California by the lake. Does anyone have some insight on owning a vacation rental in this area? Are the annual returns from renting it out worth the inve...
Hi everyone. This is my first post here and I’d like to hear some of your opinions on how to invest in real estate when someone is on a situation like mine.My dad was a developer and investor. He passed away several y...
Recently purchased a condo (3/2.5, 1500 sqft) at a foreclosure auction.ARV - $105,000Purchase Price - $68,000 cashRents for - $1,200Repair Estimate - $7,000 (Flooring & Paint)Association Fees - $203/moTaxes - $907...
Wondering if anyone has been in this situation and can shed some light on this scenario:
Term is 2 years.
The upfront amount for the option contract is $10,000.
Monthly rent is $3000 which is about $300 above fair ...