Jay Sechowicz
About to purchase 1st MFH, specifically duplex in Philadelphia
Hello everyone, I joined a while ago expecting to be on the verge of buying but things happen and it got derailed for about 6 months or so. My plan is to house hack in northeast Philadelphia area to start. This is my...
Aron Teran
Am I Missing Something?
I've started doing some research on how to best finance my first investment property (buy and hold). Met with a local bank, they offer 80% loan plus rehab costs in a 5/1 ARM at 4.5%. I will be looking for a home in th...
Philipp Grajewski
Financial Reserves When Starting Out in Real Estate
Hi there,My wife and I are new to the site. We are in awe of all the information and resources that are available through this community. A big thank you to all the members and contributors to this awesome site.We hav...
Toly Gins
Need Help Evaluating Deal
Hi,
I'm newbie investor looking to get my first deal and I need some help evaluating a property. I am a long time reader of the site, so I'm aware of the 50% rule. However, I haven't found much on evaluating townhous...
Sam Hanaa
Need your input on this pre-construction in Kitchener ,Onatrio
I have a condo town house pre-construction and to be completed in late 2022, the price is 400K , based on 2000 rent and 25000 closing fees the cache flow will be -143 per month , now I know it is in negative , but my...
Matt Slease
Insurance for rental property
About to close on my first rental property (SFH)! Do I need any special insurance other than homeowner's insurance to cover my rental? Should I look into a separate umbrella policy to protect myself as it will not b...
James J Strnad
Anyone doing rentals in Rockford, DeKalb IL or Beloit, WI
I am hoping to hear from people that have been renting properties in Rockford Illinois, DeKalb Illinois and/or Beloit Wisconsin. I plan to buy a 2-4 unit building by the end of the year possibly 2 buildings by then. I...
Ryan Coovert
Lumber Price Dropping?
According to this Wall Street Journal article, lumber prices are finally dropping. Is this the beginning of a crash or are we going back to ”normal”? I would like to here your opinions. https://www.wsj.com/articles/lu...
Jim Macedon
How Much Debt is Too Much... Or Not Enough?
I'm pondering my next move. I just took on a lot of debt. On the other hand, I have some equity I could access. Not sure whether to:A. Reduce debt.B. Stand pat on debt and wait to build up another down payment.C. A...
Joshua Watts
Home run with Self Storage Facility purchase!
Investment Info:
Other buy & hold investment.
Purchase price: $3,000,000
Cash invested: $34,000
Bought 300 unit self storage facility for 3 million. Down payment was $34,000 and equity from anoth...