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My fiancé and I are currently in negotiations on a triplex and the inspection revealed some unexpected repairs. With the cost of repairs and the down payment, I’m wondering if we are in danger of over leveraging ourse...
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Hello Everyone,
I have been reading this forum for awhile now and alot like it on the internet. I am blown away by how supportive and helpful everyone is here.
I am very interested in starting to invest in the my ...
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What's up BP Nation? I flipped my first ever burned out "Firehouse" a few months ago and it turned out pretty well. $52,069 in profit. This story has a few interesting twists and take aways as well. One of my key take...
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My wife and I most recently bought our first personal house and I've been educating myself on real estate investing ever since. When making a few repairs, we had taken out a personal loan for about 5k @ 9.9%. We cle...
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I’m seeking advice on how to professionally part ways with a long time tenant of mine. I have a tenant who has lived in our 4 plex for almost 15 years, long before my husband and I purchased it 6 years ago. The past c...
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Hi,
Can you all tell me what the normal procedures are when you work with a GC?
1) Do you pay something like 1/3 up front, 1/3 half way through and 1/3 when project is finished?
2) Do you get in writing a list of ever...
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I've been real estate investing for about ten years. I've had as many as five mortgages, but never went over $1M in debt. Question for those who own many rental properties, how much debt is too much debt? Is it comm...
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Just curious for those that are doing rentals, which is your preference? For me I think for the long term I'd prefer SFH just because I think they would be easier to sell if need be.
What about you?
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Economy shrank at an unprecedented 32% annualized rate in the second quarter - the fastest pace on record and comparable only to events such as the demobilization following World War II in its severity.
But, single...
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Hey my fellow REI's,First off, I hope everyone is safe,healthy and most importantly staying in positive spirits. I am thinking of purchasing my second rental in Cleveland but given that I'm an out of state investor it...