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There is nothing around here in Northern California that meets the 2% rule. This is as close as it gets.
The details
-The bank counter is 119k
-Rents for 1k-1100 per month
-Built in 2004
-1500 sq ft 3/2
Financial:...
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Hi,I just bought a two flat in New City and I like everything about being a live-in landlord so far. The two lots to the north of me are empty, one of them has 4 cars parked in the back near the alley. They guy who ow...
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First time investor, Plano, TexasI live in Plano area in an apt and have seen apt bldgs growing like mushrooms. I would like to invest in real estate in Plano area but can come up with 100K only at the moment.What ...
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Hi,
I am new investor and just got my first cash offer accepted for an investment property which I am planning to use for a long term rental. Initially I was planning to use a mix of cash and stocks to fund this pur...
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I am creating a proforma to analyze deals. I am looking to buy my first property and need some advice on metrics. Do you look for a certain cap rate? Cash on cash return? NOI? Appreciation? Also, do my numbers l...
Hello everyone,
I've been surfing these forums for the past week or so, and have found this site to be invaluable information wise. I've read some of the beginner guides and blogs, financial summary run-dow...
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i am considering making an investment on a property on the other side of the state or in another state altogether. Does anyone have any experience managing properties from far away? Also, you never know what the futur...
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I have a duplex under contract and I was intending on using a FHA 203K loan with 3.5% down. However, due to the fact that I've been in real estate just over a year, I can't use my income so I ended up needing to use a...
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Hi, what would be the requirements if I wanted to have my father (non-owner) manage a property (SFR) for me in MN? Real estate license, background check, other? I went through the tenant/landlord handbook a little whi...
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Here, I'll start:
1. Always do your due diligence.
2. It's better to overestimate than underestimate costs.