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I recently purchased a 3-unit rental property in the Rochester, Ny and used conventional lending (bank loan with 75% LTV, 30 year fixed, 4.25% interest), I quickly learned this strategy has high closing costs (~8% of ...
Hello! Robert here, I am a fresh faced young type person looking to start buying property. I would like to start off house hacking and eventually work my way up to generating enough passive income to just relax a bit ...
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Hello All! I'm very interested in hearing from lenders on how they assess the actual investment that they may be lending to. Understandably, the lenders perspective is to investigate a borrowers liquidity and debt ser...
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I am trying to solve something in my mind as to why Sacramento has recently started to pick up with upper price adjustments. What fundamentals in the market place do you think has changed?
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Let me preface this with I am a newbie investor having only one SFR but found a small apartment complex that seems to be a good buy and seeking any advice I can get. It is not local to me but could drive to get eyes o...
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I am looking for an experienced investor in Florida online auctions who wouldnt mind walking me through the online auction process. Though ive bought two short sale properties in the past, I dont have any experience w...
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Greetings,The deal (Triplex, 3-unit) VA financed loan (no money down!)purchase price- $400,000 @3.375%property tax- $1200 AnnualInsurance- $1000-1200 AnnualUtilities $3600 (water only) Annualother cost ($200) Annualva...
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Hello,The question: Are there any reasons I should include my wife as a co-borrower if I can qualify on my own and she has no income? Context:My wife and I are looking to get pre-approved for a mortgage as part of our...
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I have 3 homes I bought in 2011. They are worth 200k, 300k, and 260k respectively. I get $900, $1000, and $900 in rents after all is said and done.I am set to retire in a year and looking to 1031 exchange these homes....
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Hi everyone! My name is Uche Anusionwu (first name pronounced “oo-chay”), and I'm a partner in a newly formed Philadelphia based real estate investment venture that focuses on residential property investments.Backgro...