I’m looking at parks and I came across one that has some potential. However, it is only half full, a few homes need to be removed. When you subtract reported income from expenses there is only 3k profit per year. When...
I am a 24 year old Marine Veteran that separated active duty service in July 2021. I bought my first house in September 2021, a 3 bed 1.5 bath 1200 sq ft with a detached garage. Purchase price 355k on a 5% fha loan. I...
Hello all,So here's a quick run down of the situation I am asking about. Myself and another investor in the suburbs of Detroit are looking at a 140 unit apartment complex being sold by a larger investor who wants to ...
Hi BP!
I have a client in San Diego that just inherited a 4 Plex worth $1,300,000. The property is in a trust and has been passed down to share between 3 siblings. My client wants to buy out his other two siblings b...
Hello all, I am at a bit of a crossroads and could really use some guidance from others who have crossed over from residential to commercial properties. I have built a solid portfolio of 9 single family rentals in th...
To my understanding being overleveraged is having more debt than you can payoff. This, however, cannot be right sense simply getting one mortgage would make the vast majority of people overleveraged. Therefore it must...
I'm hoping some active PMs who manage vacation rentals for investors can shed some light on this. I have the opportunity to manage vacation rentals as part of my PM company in Wisconsin. The part I can't quite seem ...
Recently I've wondered why I felt low LTV was better as an investor for long term survival. You don't want to be upside down or over leveraged if/when the markets change. But, that would seem to only apply if / or whe...
Need help from the accountants out there, there are a lot of posts on this topic but none I could find that address this question and my CPA wasn't much help (may need a new CPA)...I just moved my buy-and-hold rental ...
Looking for Advice!
Current Situation: I currently own one single family rental property that cash flows roughly $500 a month. I am also in the middle of purchasing another single family property that was more of an ...