Chris Pelletier
Best way to invest 11K
My wife and I have 11K saved up. We want to start investing in real estate. We have some consumer debt we need to pay off, our credit score is excellent, and we have educated ourselves a bit. What advice do you exp...
Nathan Emmert
Non-Refundable Security Deposit
The rental I purchased last week had fairly significant security deposits in place, a portion of which was labeled as "non-refundable".
Am I correct to assume that's essentially income?
If so, from a tax perspective...
Michael C.
What should I do with the tenant rental Check?
I just bought a duplex, I'm living in one side and renting out the other, my question is should I put the tenant rental check in a bank account and use my job money to pay the mortgage or directly send the check to my...
Tami R.
To sell, rent and more
We got our first house for $12k - we are going to put $13 into it - so $25k invested (loan was for $20k - the rest we are paying cash). Interest at 7.25% 15 year.
If we were to list the house after our 4 week rehab...
Account Closed
House Hacking Newbie.
Hello! This is my first post here on the forums. I live in Fairfield County Connecticut and i’m looking to house hack my first property! I am currently in the learning and saving part of my house hacking journey. I h...
Powell Slinkard
Funding a down payment
Hello Everyone,
A couple questions/clarifications. So from what I have gathered most people use a variety of means to fund down payments on new investment properties. I personally am planning on using the e...
Jef A.
Property Management Cashflow question
I have a property and i hired a property manager to deal with it but i dont see how this scales well. Lets say i have a property that i am paying $1100 a month in mortgage. I am asking $1400 a month for rent. I hire a...
Michael Finkelshteyn
I would like to get feedback on my rental property analysis
I am interested in a 4-plex in Houston,TX. The property is listing from a wholesaler for $133,500. CAD appraises it at $179,000 and it has gone up from $135,000 in 2010. Wholesaler says it needs $16,000 in repairs. I'...
Michael S.
Analyze this....
Here's the deal:
Actual Proforma
12 unit asking price 480k
Other income 1800
Rent Roll 65820
Adjusted gross 62529
Current Taxes - 12076
Insurance - 3149
Water - 1455
M...
Shantul Nigam
Estimating Expenses
I live in CT and I need help estimating expenses for a multifamily unit (2-4 units)..I understand that you should use the 50% rule or the 60% rule but I am finding that these don't make sense when the rents are out wh...