When using the BRRRR calculator, is it best practice to include prepaid homeowners insurance and prepaid property taxes paid at closing in the 'Purchase Closing Cost' section? For example, when using conventional fin...
Hello fellow investors,I work for a pole barn/shop contractor in the northwest, and I have 5 acres with my primary home on it. I am considering on building a shop and house all in one on my personal property (I would ...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $85,000
Cash invested: $21,750
SFH turnkey property with high potential for gentrification in the area
What ma...
When using the BRRR calculator under the "Purchase Loan Details", you can choose either cash or financing. I plan to use a HELOC to pay for the entire purchase. To get an accurate estimate, what inputs should I use? D...
I inherited a house from my mom who recently passed away. I want to get the home fixed up and rented out. What is the best way to go about doing this ? The house is mortgage free. In addition , I want to set myself up...
Hello Real estate champions,
Tomorrow I am meeting with a potential seller on a 2-unit , seller financed propriety and need some advice.
Pros:
Seller is older, tired of dealing with tenants, owns the house outrig...
$50k purchase price in a solid blue collar/working class area.
Gross from both units= $1300
Taxes= $2500
Insurance= $1200
water=$600
Lawn/snow= $1200
Building seems to be pretty ...
Today I reached out to 3 different lenders in Northern Idaho about FHA loans for small multifamily properties (2-4 units). Each lender gave me a different answer about the terms of the loan such as required down payme...
Hey guys!
So we sold a property and rolled part of the funds into an STR in Tennessee. We have 50k left over and are unsure what to do with it now. We can not get traditional financing at this time because we have 3...
I'm trying to calculate my debt to income ratio so that I can see how many properties I can qualify for under a conventional loan. I understand the basics that Principal, Interest, Taxes and Insurance (PITI) all coun...