Hi all, seems I'm having a problem applying for a heloc or a mortgage on a condo that I purchased in an LLC . The LLC was started in August of 2019, and I purchased the 1 bed/1 bath condo in Galloway in February of ...
Condo price is 115kDown 3.5% closing 2% Total capital requires 6.5kRents 950- 5% vacancy250 utilities Annually Hoa 2,652Insurance 483Taxes 2,519I'll be managing Noi $7,342Debt service $ 5,979.93 Cap rate 6.38%Coc retu...
Hi Everyone,Need some advice. My fiance and I own a condo in Santa Clarita 2/2, which we plan to rent out and move on to the next investment. (We would cash flow about $300)We're thinking of buying a SFR with a detach...
Dear All, I know this must be a newbie question: how to qualify for a loan on a second or even 3rd property when your income is not great. A little back story here: My husband and I bought our first home, a $130,000 o...
Hey everyone! I'm new to REI, and just closed on my first duplex in Hawaii. When listing it for rent, is it proper to say "duplex for rent" or does it classify as a house/apartment/condo/etc.? I'll be renting out one ...
Hello! My husband and I are ready to buy a home. We live in UT where the market is pretty competitive. We want to get into real state and we were wondering what would be the smartest move to make as first time home b...
Here is my situation: i bought a condo in 2015 because i was broke and it was what i could afford. it isnt in the best of neighborhoods and i assured my girlfriend (now my wife) that i would not take long to get out o...
Hello,My name is Wes. I'm new to all of this and I've had a few thoughts going through my head that I was hoping you all could possibly help me with. I have been browsing some websites looking at homes and I came acro...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $510,000
Cash invested: $18,000
House Hack (current primary residence). 3 bed/ 3 bath condo. Rent out 2 of the be...