I was recently deeded a property from a family memeber and I was thinking about taking a HELOC out to purchase another rental property. I don’t have any mortgages. Opinions on lending options needed???!!
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Trying to figure out what the best path is to FI/RE. My wife and I make around $190K/yr and currently live in a home that we don’t plan on leaving anytime soon. If we did leave, we would rent it out anyway.
Our SFH ...
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if a tenant voluntarily leaves after vacate notices (non-payment) does the landlord still need to file eviction notice with county?
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My residence has grown about 150k in value since we bought it. Is it better to take out a line of credit against our residence or take out a conventional loan for a rental property. The house we live in is in my wife'...
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Hello all,I am currently looking into potentially investing 15-25 init apartment properties on Chicagos south side. The cap rates are extremely high across the board in this area (ranging from 8% to 12%). To put it si...
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Curious to know who is door knocking. I have heard investors are successful with going to the property to speak with owners. Also if you are door knocking what are you giving owners as a leave behind? I want the best ...
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I just bought a duplex a couple of months ago where both units were occupied by friends of the seller. Neither had written leases and I was told that they are on month to month verbal leases. The people are older and ...
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When looking at an investment with value-add rehab, obviously we need to take market cap rate and discount for the actual costs of repairs. But there is no reason to take on the risk, time, lost rent, and work for the...
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How would you typically figure in a loan from your 401K into your rate of return?
I wouldn't think you would calculate as debt service since the interest you are paying is to yourself but it does effect your availabl...
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Hello all,
I'm a new investor and, after starting direct mail and text blast campaign, I've found a motivated seller. The story is, she is nearing retirement and wants to get rid of her property. I texted her actu...