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Looking to invest in my 2nd rental property using collateral (my first building) to cover my downpayment.
This commercial property to purchase, as was the first. So 25% is needed.
Short overview: Property is 200k, d...
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I just found the local government recorder/fiscal office and have been looking up the properties we are eyeing...The state has the property we are most interested in appraised at 70,000. The owner is selling it at 95...
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I may be getting my first ARM soon (8/1 ARM on 30-year amortization, rates between 6-8%) to fund a quadplex, as it is currently my only option for financing this.
What are some of the pros and cons of using an ARM i...
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So, I already own a few properties but, this is day three of me considering myself a FULL TIME Real Estate Investor (and three day member here). I have been analyzing and looking for deals and I entered the dark scary...
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I have a pending dilemma that I'm hoping someone on BP can help me with.
I have a lease option buyer (married couple) who was due to exercise their option in a couple of months. Just got a call from them stating that...
Hi Everyone, hope everyone is staying safe and staying warm! I am holding my counter offer for the property as follow.
Location: IL Northwest Suburb (Barrington High 220 district)
Type: Single Family House (2car g...
We’ve built up some decent equity in our home and are about to close on a new one shortly. I was hoping to tap into that equity but our house has been on the market for about 35 days now with less action than I’d hope...
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Hi guys! I’m currently beginning the rehab portion of my BRRRR deal. Just for some quick details; we purchased the deal for $180k with an expected rehab of $262k and an expected ARV between 475-550k and a monthly rent...
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Since we are taxed on our income from rental properties, how does one usually prepare for this? Let's say if the tenant is paying $1200/month how much of that would be taxed and how does one budget for that? Do other ...
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Hi all,
I recently read the following article about how the US government is planning to market a ton of foreclosed homes as rentals and noticed the following comment in the article:
"Single-family home rentals can y...