Hello! I'm a new investor getting started with BRRRR in the Detroit area. I thought I had found a couple lenders who would do fix and flip loans with new investors. However these lenders still require an appraisal, co...
Does anyone currently use this medium for their Ira? I've been getting some conflicting information about the "checkbook" approach.
Thanks
I'm wondering how you tell if you have a good deal if it is financed using a VA home loan (0% down). The numbers are very different on a property that is 80% financed and 100% financed. Especially when multi family pr...
Hello to all. I'm seeking some advise on where to buy next in the PDX area? Where are tomorrow's up and coming areas? What neighborhood will be hot in the coming years? My crystal ball has never worked right so I thou...
Tenant reported bed bugs even though I've never seen any there and no previous tenant ever complained of bed bugs. They moved in from a hotel...Although I'm going over there today with an inspector, my biggest conce...
Hello! I inherited a building from my late mother who had a tenant. That tenant is now gone thanks to COVID (they went out of business). I am trying to find a new tenant, and I am fielding questions regarding property...
I purchased a property in Dade County in 2013. The property was on the same parcel as another condominium building.The purchase contract stated this in the additional terms-“Seller, as a condition subsequent to closin...
We're going on 3 properties, and I'm wondering where others store their reserves for their rental properties? My general rule of thumb was 6 months of PITI, which I have in a savings account. As we go to 3 properties,...
Hi All,I was wondering are you still using the 1% rule when doing quick and dirty new deal analysis? Is anyone out there still able to achieve the 1% rule and in which markets?Recently I noticed I get to 0.7 or 0.8% a...
My partner and I did our first deal a few years ago which went really well and we have about 1-1.5M in equity, but the problem is that the cash flow it generates is not that great - partly because cap rates are so ...