Donald Mitema
Multifamily Property/Landlord Insurance
Looking to dive into our first multifamily property via an LLC. Got a ridiculous quote from my current homeowner carrier (State Farm) for $10K annually (seller is currently paying about $2800 annually). $10K will cert...
Marci Stein
determing how much to offer
In almost all cases,I usually offer between 20-30% off from the asking price...if it's not that much discounted, I would not consider it a good deal. I always think about something i read here:" the money is made when...
Rachel Lyle Bridgers
Developing a Couple of Acres for Modular Multifamily Quadplexes
I am considering purchasing a couple of acres close to a cute downtown in SC. The land is wooded without any water, sewer, etc and in the county. Does anyone have experience with this? What all expenses do I need t...
Mike Plass
BRRRR or Traditional with existing tenants
Good day fellow investors!I'm finally purchasing my 1st investment property. A SFH that has been converted in to a duplex, upstairs and main level.First let's get some facts in place before the questions.Both are cur...
Anita Effendi
Need Advise: Passive Investor Profit-Split
Hello,I started my first flip in 2016. Once I did my first flip, some people start asking questions and wanted to invest. So far, I only have 3 deals closed and done; one in escrow; one pending (ran into wall due to p...
Jonny Morris
Understanding my debt to income numbers for HELOC appointment
BP – I would love your input on any of the following points (1, 2, 3, 4, 5)
I am excited to be at this stage but wonder if I am a little ahead of myself. I have scheduled a HELOC meeting with the bank as I would lik...
Peter G.
Need some input about single family homes.
Do you all have any feedback about buying newer homes like year 2000+ in a great school district? I have found quite a few houses I really like condition wise and such they are selling for 180k-200k and the rent on th...
Nathan Florence
SMALL SAFE OPTION OR BIGGER RISKIER OPTION
ok so first of all thanks all who responded to my first post, the rent vs mortgage decision, im on the hunt and going to purchase something, im looking at two options, i wouldnt consider them deals lol, this is hawaii...
Leeling Chew
To Renovate or Not To Renovate
New landlord here. I recently purchased a fourplex in Killeen, TX. Asking price was $350K, but after negotiation, it went down to $333K. Down payment $87K. Each 2/1 unit is close to 800 sq ft. The neighborhood has abo...
Aviv Berkovitch
DTI calculation - for conventional mortgages
Hi everyone, As I understand, every time that I purchase a rental property, after it rented, and I want to purchase the next property. The bank can take 75% from the income of the first property and if it covers the (...