An $800k house with 20% down, 7.5% interest + taxes($8000)+insurance($1800) will have about $5,200 monthly payment, $5,800 if 10% down payment. Is there demand for $4,500+ rentals in your market? What is the profile o...
Investment Info:
Single-family residence other investment in Traverse City.
Purchase price: $280,000
Cash invested: $116,000
Single family home, 2 bed, 2 bath on all sports lake. Second home purchas...
I have multiple STR properties on the beach and looking at adding a vehicle to each property to enhance the vacation experience. Was thinking about using Turo for this part. Anyone have experience with this?
I'm asking this question because I currently hold a note with a partner for an owner financed land sale. This was a sale that we did a couple of months back to someone we knew. Loan (~125k @ 6% with a balloon paymen...
Hi, in one of my rentals, whenever a garbage disposer is run, the circuit trips and power shuts off. Circuit needs to be resets from the main switchboard every time. Is it the problem with the outlet, the wiring or th...
I have been able to find a credit union that will do a 28k HELOC on my investment property.. As far as investing, I have a couple of strategies in mind that involve either buy and flip (which I don't think I have enou...
I’m closing on a occupied SFR rental on the 19th
of Dec. The sellers were seeking to close on another house but their deal fell through. Now the sellers are asking me to lease the home to them after closing for 1 mon...
I'm working on a first flip deal in Vermont. I have a single family residence under contract for well below the assessed value. I had applied at my local bank but was turned down because my ratios of debt to income ar...
In order to get started, I've decided to move forward as an investor with a contractor that I know. After doing my due diligence, I will be investing and taking a 1st position note on the property in exchange for a n...
Does anyone know of a lender in Rhode Island that specializes in Homestyle renovation loans?
I was referred to a 203k lender but he never heard of the Homestyle loan for investors.
Any information is very appreciate...