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So I closed on a duplex Friday. I had a sick child so my husband closed in my absence, so this is all being relayed second hand, but here goes. Before closing, I made sure prorated rent and security deposits were in...
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Hello!
I'll start out by saying that I'm brand new to real estate investment, so please feel free to dumb down any of your replies to my post... I'm still learning!
A little background: I'm very interes...
I have been driving for dollars over the last few weeks and mailing yellow letters that I write. I have only mailed around 20 letters so far. I have a lot more ready to go, but I'm only sending a few each day. I'm loo...
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My house right now is considered 2 Bedroom, 1 BA , However, in the basement, I have a toilet, shower and utility basin sink all plumbed in.
The shower is what we call in the midwest, a "farmhouse" shower. It ...
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So here’s an example Brrrr just to see if I understand how the numbers work.
House valued: $100k
DP: $20k
Loan: $80k
Rehab: $20k
ARV: $160
Refi: $160k * 75% = $120k
Cash out: $120k - $80k = $40k for next deal
...
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Hi BP!I am renting out my condo and in an effort to be competitive I priced my unit at $1850/mo. I have since received 3 really good applicants from people that I would happily rent to. Is there any way to claw back a...
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Hi all,My wife and I are getting started with rental property investing, we've done some research, gotten with a pretty motivated agent and looked at homes (single family/multi-family) all over metro atlanta, and we r...
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Just starting out here and been reading Brandon Turner’s book on Rental Property Investing. The book gives a rule to use to quickly screen properties known as the 50% rule [(0.5*projected income/rent)- (Mortgage P an...
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I’m looking for REI groups in the Bay Area that specialize on investing out of state.
Hi All,My husband and I are looking to invest in a short-term vacation rental. We are mulling over 2 options and would love some guidance.1. Luxury, brand-new home at $1.1 million in a resort community. Right next to ...