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When analyzing a property on a site like LoopNet, do you use their NOI that the seller has listed, or will you calculate your own NOI using the 50% rule or something similar to analyze it?
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Hey all - question on necessary reserves when applying for a loan through a US bank. I'm currently working on closing my second US property, first time financing through a bank. They just mentioned that I need to show...
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It is an exciting time for my wife and I because we are ready to start looking for our first property! Currently, we are living in an apartment and would like to find our personal residence before June. Plan:- What we...
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Good evening, I am currently flipping a ~550 square foot house in a low income area. Population is ~50,000. Median household income ~$41,000. The house is a total gut with an entire new floorplan. I decided to go with...
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I am trying to develop a long-term default financing strategy to fall back on before making my first investment, and would be thankful for any feedback which could be given for the one described below.
I would like ...
My partner and I have been saving up to buy a multi-family house in the Hudson Valley. The idea is to buy something with at least one rental unit so that we can transition to a life with lower monthly costs over time,...
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Hello. I'm going to keep track of my real estate activities in management of an STR, and will track the activities using an activity log. My question is - how do I prove in the time log that I performed a particular ...
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Relatively new investor here!I purchased a single family home in October 2014 and have been renting out 3 of the 4 bedrooms ever since. This results in a monthly profit of $427. I am currently on a plan that would all...
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So I have been in the SFH and duplex landlord business since 2003. I was very lucky and sold in 2006 and starting buying again in 2011. I am at the point where starting to look at apartment buildings over 4 units. I h...
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I owner occupy a Duplex that I purchased using my VA Loan. I'd like to now use an FHA Loan to buy a Triplex. Based on what I am charging my tenant I am extremely confident that I will be able to get that same amount a...