Hi,As I am thinking about pursuing my first deal, I have a few questions on some pros/cons of starting with a residential (1-4 units) vs a multifamily (5+ unit) property, specifically in regards to financing. I am awa...
I turned my primary residence into a rental in February because I was unable to sell it. It's a SFH 3BD 1.5Bath in Parkville MD. I am on a fixed 30 year loan at 5.25 percent that just started in Feb (I refinanced from...
Hi Everyone!Probably a bit of a newbie question here but I'm curious as to how common it is that sellers are willing to cover closing costs. I'm well aware that it happens and I'm sure there's no true "norm" to speak ...
I found a house where I would like to retire in a few years. It’s $349k with $49k down, $1500/month at 4.5%. I plan to rent it out for a few years, then move there myself. We originally planned to close at the Title O...
I've used a CPA for the last decade who has done well by me, but now that I'm getting into REI more seriously, I'd like to work with someone that focuses in that area. When I asked my guy some detailed questions, he s...
My wife and I own 4 rental properties titled in our names. All were financed using 30 year banks loans with 20% down. 2 were past residences (VA Beach and Southern MN), 2 were purchased as rentals (Northern MN). All a...
Hi All,General questions surrounding purchased foreclosed homes. I've been researching a lot lately and came across a seemingly foreclosed home that has not been listed on the MLS and was wondering if anyone could he...
Scenario:
I started buying condos beginning 2011. Each year I bought 1-2 properties which needed extensive work.
To build my rental portfolio and offset taxes, I used to buy properties that needed work that was equ...
Hey, I'm new here. Last year I bought my first house, a 3bd 2b new construction house in an okay neighborhood (waco TX). I am about to convert the property to a rental, but I was thinking about doing a garage conversi...
Hi all,
i'm setting up to buy my first investment property. Conventional financing is a little difficult. I'll make this deal happen, but i don't know how i'll finance the next property. I'm in for the long game - ...