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This is going to be long, hope it makes sense. 9.5 years ago 6 investors got together and purchased a 42 door condo complex. 3m cash was put it and a 3m loan was taken out. Rents have paid down the loan and it will be...
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Hi all- I have a condo I rent out that I originally obtained through a first time home buyer loan. Well my lender sent me a letter because they noticed this isn't my primary residence anymore and the loan states that ...
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So, there's this house that has been deeply discounted about $100,000 off its original listing price. Just last month there were 3 armed robberies next door to that house on a street with businesses. There have been m...
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One of the many calls that I had today. I am using Michael Quarles advice about getting the seller to give me their minimum. I have had success and failure with this. Here is the part of a phone call that I had tod...
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I am looking to buy a condo in the city using a second home loan. I know all the second home loan requirements so no need to hash that out here. I am more interested in people who do midterm rentals, anything over 1 m...
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There's a lot of press going around about HUD suspending foreclosures on homeowners and many states and cities no longer processing evictions. I can't agree or disagree with the politics and/or health reasons for this...
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I am wondering what is considered a "good" profit margin from a rental?
Its obvious you want to be making profit...the more the better. But is there a bench mark that expereinced and successful investors make? Are we...
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My very first deal:Purchase price: $205,000Down payment: 11% + 2% closing costsHouse Type: Single FamilySqft: 678 (WHAT? This isn't even a tight market nor a great neighbourhood. How did I get sold this crap lol)Locat...