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Hello: I've read that one risk of buying properties "subject-to" is that the seller/mortgage holder may file for bankruptcy, and the home can then be foreclosed upon. However, if the buyer is paying the mortgag...
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Hello, I am just starting out and trying to get my first investment property. I am using a conventional loan for financing and putting down 25%. Surprisingly, (to me), I have put in multiple offers on different proper...
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Hi all, been scouting the forums for a while and decided to ask a question myself.Wife and I purchased our first (primary) home Jan 2021 in Los Angeles with interest rate of 2.6%. We're mentally ready to purchase anot...
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Is there a such thing as good debt?If I have to categorize debt, I would say the debt I am paying for, it's bad debt. A debt someone else is paying for, it's good debt.Which means, if I have a mortgage on my house and...
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what do you consider good cash flow per month on a rental property?
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Hi all,
Looking for recommendations on property managers in the Milwaukee area. If you have any input, positive or negative, please post or PM me.
Much appreciated.
Eric
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Have an opportunity to buy a property which ARV is between $85K and 90K. Seller has a HELOC of $65K with payments of $645 a month. The house needs approximately $20K worth of renovations and I believe I can rent it fo...
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Certainly, it is crucial to know the market you are investing in; and one of the most important factors to analyze in a market is the population.
This being said, you should only be investing in a market where the po...
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I could use a little help. I am considering a commercial property for sale by owner. I do not know how to determine its value. He’s asking 590,000 and rents would be 1700+1200+2500. Taxes 15000. Great location bad ...
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My financing is a 20% HELOC down and 80% conventional loan for 100% financing in AZ.Do I hope to cashflow based off this as-is or do I need to think more about cashflow when heloc is paid off? (2 years most likely).Lo...