As the title says, I would like to purchase a few (or a couple of larger) multifamily properties to cash-flow at least $10K per month (ideally $12K/mo.).The criteria are mainly:-B-class properties/locations (i.e. no "...
Hi all! I am exploring hard money options in RVA and would like to know what to expect regarding costs? i.e. origination costs, appraisal requirements, interest, commitment fees, processing fees, etc. I have a decen...
Hey gang.
I have a seller that wants to terminate his mortgage early. I am not interested in a sub2 as i have a few buyers for the property already.
However he does not know how to pay off his mortgage...
I'm confused. I did some research on the topic but can't really find an answer. How are you making money as a landlord if your paying a mortgage, taxes, etc ? Wouldn't the money your tenants pay you go to the house? (...
Hi All!
My husband and I just looked at two duplexes. We can buy them individually or as a package. Here are my calculations using the BP analysis tool if we buy them as a package:
Monthly Income: $2,79...
Like the title says, after months of research, I felt reasonably confident to buy my first foreclosure at an online county auction. I'm not an investor, this was for my family and I to live in.
I ended up pay...
Dear all,I am new to real estate rental investment and looking to purchase my first rental property as a source of passive income. I reside in Santa Rosa, CA and property prices are way too expensive, as such looking ...
We are in the process of purchasing a 9 unit in South Carolina. Our agent took 10k as earnest money a week ago but just emailed me and said that he needs another 10k for earnest money because the law requires a broker...
I need to know how would you approach the following scenario.
You have a friend that owes your family some money, so he will be giving you 50k. He has the money in his bank account.
Logistics wise, would it be bet...
Hi All,My first property was a 3-unit house hack that I purchased through FHA with 3.5% down just under a year ago. I am now just about ready to purchase another multi and am having a hard time finding other low down-...