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Hello,I found a gentleman willing to sell his whole portfolio (10 duplexes and a four-plex.) He wants 1.8 million for it. All units are in good condition. We need to come up with a down payment of $360k. The wife a...
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I've seen several multi-family home listings suggest that a 25-33% expense ratio was not only possible, but commonplace. In my properties, I've been operating at about 50%. Is this something that comes with economies ...
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I refinanced my home and pulled some money out. I am not sure whether to use the money to buy another property or build in my backyard.
I have checked with the city and I can build two apartments. I feel like buildin...
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Hi I am about an hour south of Washington DC in Virginia, I have been trying to get deals on the MLS primarily (I'm an agent) in my local area, I am primarily looking in my immediate area and up to 10 miles south. As...
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Hello all,
My problem is I am having trouble finding financing because my debt to income ratio is right at 55%. The lenders I have talked to say it needs to be around 45%. How can I get financing? I have the ...
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This flip is our first official one. We are going to close tomorrow. Here are the details.Address: XXXX Elmwood Ave, Blackwood, NJ 08012Description: 4 Bed, 1 Bath, 1382 Square Feet SFR. Purchase Price: $60KRepair Budg...
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I have been wondering what would be a better strategy, making two extra mortgage payments/ year or using that money elsewhere. I'm going to use a basic mortgage calculator for the doing the math on this example.If I h...
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Greetings,Well I bought my first rental unit, a duplex and am living upstairs. I have a tenant who is moving in the beginning of next month. I am trying to figure out how to share the laundry facilities.The laundry ro...
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Hey! I'm 17 and I really want to learn about real estate and I've pretty much been able to find something to answer most of my questions but not this one. Is there a type of property that is best to invest in when sta...
I am leasing to own an 8,200sqft Luxurious home that appraised at 1.2mil. The owner has decided that he needs to open up credit and sell the home. However, I can’t finance even the reduced price of $715,000. I make $8...