Hi,I am new to real estate investing and looking to get my feet wet with Turnkey properties. I have been crunching the numbers on some properties and the numbers just don't seem to add up.I've got estimates from multi...
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Hi, there is an expired listing for a 4plex in North Houston asking $200k. It's vacant and needs about $80-$100k (according to seller) of rehab work. The units will each rent for about $800-$1000/unit. The building is...
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I have been thinking about this later and searched a little for this and found nothing. Could this be a way to flip a home with little money invested?My idea is this. You find a seller that has say $50,000 left on the...
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Beginner question here... My wife and I are looking to buy another home to live in, and rent out our current residence as a rental property. We currently have an FHA loan and have been living here for 13 months now. D...
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I closed my house last week. My current lender says I cannot refinance my loan until 6 payments are made. I want to refinance since my new lender rate is lower and that would save me some money. I had to go with my cu...
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Say I meant to buy a house for my primary residence and told lender about it. The lender gives me a loan for conventional mortage with 20% down on primary residence (lower rate than when buying investment property) Bu...
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Hello everyone,I have a home in Riverside under contract and was planning on using the 203k loan for the rehab. With the neglect of the home, the current rehab has grown past the FHA cap. The lender says we can do a...
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Investment Info:
Small multi-family (2-4 units) other investment in Charlottesville.
Purchase price: $135,000
Project is an upscale design/build 5,000 SF townhome duplex under construction near the Unive...
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In the market for properties 2 and 3. We own our personal home free and clear. We have a duplex also free and clear that is currently renting for $2k per month. Taxes and insurance are about $5k. The duplex was recen...
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We are going to buy a house for us to move into. We had entertained the idea of a conventional loan but quickly realized that the closing costs were going to be very expensive. Would I be better off paying cash and th...