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So long story short, my interest rate has increased on my rental property and my mortgage payment went from $1220 a month to $1969. Tenants pay $2350/mo and after the rate increase, this no longer covers mortgage/taxe...
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I'm typing this off of my smartphone so I apologize now for any spelling and grammatical errors. I got hired to work for a friend of mine for a week out in the middle of nowhere and forgot my laptop.
Anyway...
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Hi guys,There was a great topic on the real estate predictions. I cant find it.What do you think will happen with the real estate prices? Now the interest rates are 6.5% I see some prices are dropped may be 15K but st...
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I'm getting ready to do a "2-fer" and, with a partner, rehab two homes for rentals. My partner is experienced and I intend to ask him the same question I'm asking here (and I know he will thoroughly educate me which ...
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I did it. I took the leap. With only 4 rental units (2 SFRs and 1 duplex), I quit my six-figure job in pharmaceutical sales, got my real estate license, and moved my family back to Florida. How did I get here? I'd say...
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Hello BP Community! I am considering investing in both residential multifamily properties as well as some 5-15 unit complexes. Do I need an LLC when moving forward with a commercial property in that unit range, or is ...
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What is the cheapest house you ve ever purchased?Why did you buy it?what did you do with it?Would you do it again?I hear about so many big money deals but low cost acquisition stories can be inspiring and motivational...