Peter Morrissey
Cash Out Refi Strategies
I bought a two family for 80K cash and which I plan to finance using a conventional loan. I believe I have to wait six months to get the low interest of a conventional loan, although one lender said the LTV would have...
Molly Morlino
Getting equity out of rental homes built on leased land
In 2017 we built two rental homes on land that my parents own (they have 5 other rentals on this property). It's 12.8 acres outside the city limits of Kyle, TX (if that matters). We lease the land at 5% of the renta...
Brett Dawson
Recently Purchased Duplex -Refinance Questions/General Networking
Hi all,
I purchased my first property recently in the Tremont area. It is an owner occupied duplex that I am currently renovating myself (about $40k worth of rehab) and one of the things I am sort of anxious about i...
Anthony M Scandariato
Second deal - 8.5% Cap On In-Place Now @ A 10%+ Cap 2/19
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,060,000
10 unit mixed-use property (9 apartments, 1 retail) in historic downtown Butler, NJ.
What ma...
Brendan L.
Upfront repair costs canceling out cashflow for X years
I'm trying to buy my first duplex. I have one under contract, and I'm trying to determine the initial repair costs.I need to decide between keeping the slate roof and repairing year to year, or just replacing. I'm loo...
Kyle Bumpous
Potential Purchase - Houston Triplex with Brother and Father
I'll preface this by saying we are new to real estate investing, so be gentle. Metrics aside, we have some questions about financing and structuring. My brother is currently renting a unit in a triplex which is goin...
Daniel Loane
Filing taxes: when to expense vs capitalize for vacant rental property
Hi everyone,
I purchased my first rental property in June 2023, and it took until December to prepare it for tenants. I posted the listing on December 12, and my first tenant moved in on December 26th.
As I’m filing...
Nathan Stanley
First Investment property: Buy and Hold DIY
Here is a link to a website that showcases a few of the improvements to our first investment property, A buy and hold we purchased back in late 2020 using our VA home loan. These improvements were a good way to really...
Neil Dyer
If I have bad credit, how do I start investing now?
How do I get started with bad credit? Do I need to wait until I improve my credit score before I can start? I've heard about getting owner financing and lease to own, are these the only ways to get a start?
Jesse Watson
New to REI, but considering a move ourselves - House Hack?
My wife and I are just starting out in REI -- we are coming into some money from my stocks from my job and we want to invest some of it to work toward a goal of early retirement / financial freedom. We've been conside...