Hello, we have $300,000 saved to play with. My husband and I don’t know what to do. We live in Orange County, CA. We are currently renting a 2bd and need to move to a 3bd because of the new baby. Right now our rent is...
Hello everyone, I am looking at purchasing an apartment studios complex. It was a hotel repurposed as a studio apartments. Anyone has had experience with this property type and is willing to share their perspective in...
Hi all, I just got under contract on a multi family deal in Mobile, Alabama. This is out of state for me as I live in Texas. The contract is for 3 properties: one property contains 2 studio apts and 19 boarding rooms,...
Hi All! I am finally in the process of buying my first triplex in the Kansas City area. Very excited and also very nervous! I am really hope for some advice (the good, the bad, and the ugly), regarding the property an...
Here's the deal. I have 4 Unit Property I bought back in Dec of 2012 located in lower income area ( not a war zone) in the South Suburbs of Illinois very close to Chicago. Most flippers are not buying properties in th...
I just finished the 1st chapter of No/Low Money Down and learned about FHA + 203k Loans which gave breath to some ideas. Tell me why this won't work! For example...Say we found a foreclosed house in Oakland. Let's use...
Hi all!I'm currently looking at a pocket listing in Troy, NY. The current owner is shopping it around for 1.35m (7cap) and the proforma numbers are as followed: ANNUALIZED INCOMEActual MarketGross Potential Rent $191,...
I purchased a 4-plex in Tucson for 140k (35k) down with another 5k for closing costs. I receive 1549 in rent in my mortgage is 740. However the place is a dump! The rehab is about 40-50k. I’ll be all in about 85k what...
48 Units44 - 2/14 - 1/1ASKING: $2.7M Gross: $365,000Net (depreciation added back) $234,000New shingles, new rain gutters, great location next to park, not far from down town, preferable area of town. No current vacanc...