I’m 22, and will be closing on my 2nd rental property soon🥳🎉🏠 it hurt putting 20% down, ouch ! My main question is what’s the minimum cash flow you want after mortgage is paid ? My first one is $247/mo
I'm interested in buying a lake house in Northern, or possibly mid-Michigan. I have rented a few for vacations on HomeAway, and now I'd like to just own one myself for use a couple of weeks a year and hopefully have i...
Hello fellow BPers and Cincy REIs!A complete "newbie" that is trying to educate myself on buy & hold, as well as the local Cincinnati/N KY markets. I was interested on getting feedback on how some people might ra...
I purchased a multi-family property in the Summer of '15 that originally showed very positive cash flow and potential appreciation. The property was listed on the MLS as a 3 family + in law suite so my strategy was to...
Purchased a 1 bedroom condo for $180,000 in late 2008. Current CMA value is $130,000. Reserves: Reserve fund was $16,000 in 2008, but NO reserves remaining. There have been no reserve studies.Financials: The condo c...
After purchasing multiple parks and managing them over the past few years here's my synopsis of the pros and cons of owning a park. What has been your experience?
Pros:
Steady Income: One of the biggest advantages ...
Several questions to CPA, lawyers or just those who might have better knowledge. For perspective, the property is located in San Diego, CA where I live also. 1. I was told and read that the property MUST be owned by t...
So I just recently purchased my first rental property a multi-family duplex and haven't closed on the property quite yet. The current landlord of the property has recently just put in a new tenant who's had a prior ev...
Hello Everyone. I want to first start off with saying I am brand new here and new to investing. I did do a search for "Due on Sale Clause" and yielded 86 pages, so to be upfront, I really didn't want to read thro...
Our family home is currently rented out and mortgage free. There are no plans on going back to occupy the home. The goal is the grow into real estate portfolio. It earns positive cash flow but does a SFH carry more ri...