Hi everyone, Just a quick question- I am using a commercial analysis for a property that is a fourplex, however my numbers do not come anywhere near what the asking price is or what the seller is willing to settle for...
The city in question is Reading Pennsylvania. I'm looking to buy my first owner occupant rental property. My experience is essentially nil so let me get you in on my thought process so you can critique it:In no partic...
What is Hard Money & Why Would You Use it?A hard money loan (also known as a private money, rehab, equity-based or bridge loan) is a specific type of asset-based loan financing through which a borrower receives fu...
Thanks for reading - this will be my first post so excuse any strange formatting.1. I have lived in the north suburbs of Chicago (Evanston/West Ridge) most of my life and have been wanting to start investing.2. Based...
Hello everyone,
My name is Seth and I have been in the military for 14 years. Over the time of my career, I have met a few people who invested in property, but never really worked the math to see why they do i...
I purchased a single family home for $50,000 cash and it is currently rented for $1000 per month with an annual lease. While I wait for interest rates to come down, and for the property to season 6-12 months, I'm tryi...
Hey everyone, I could really use some advice on a deal I have under contract. It's a massive rehabbed 4-unit building in Marquette Park in Chicago. Currently under contract for $451,000 but has appraised at $400k and ...
What are you seeing as CASHFLOW on your properties and what was the purchase price of that or those rentals?I'm talking about cashflow after all expenses. $100 per door? $1000 per door? What are you seeing in the diff...
Hey all,Acquiring my first property soon, and was wondering if anyone had suggestions on contractors in the Austin, TX area? I'm looking to do cosmetic work throughout 1/2 of a duplex as I house-hack it. The other 1/2...
If a seller, who files taxes as "married filing jointly" and has owned their primary residence for over 2 years without any outstanding mortgage, wishes to sell their property for $750,000 and agrees to finance a seco...