We purchased our primary residence about 1 yr ago and turned our other house into a rental. We are considering selling the rental to pay off our house.
here are the numbers:
Primary: mortgage 470k - 15 yr mortgage a...
Here's the breakdown...
Purchased my 2nd property for $645K in an area of Northridge here in Los Angeles.
Comps in the area are anywhere between $850k-2M.
Beat out 15 other offers.
Place needs a LOT of work but I can ...
I plan on investing in large multifamily commercial properties (10+ units, 50+ units, and 100+ units). Should I form a business structure for this for legal or tax purposes, other reasons, etc.? From basic research I ...
I know a lot of the people on this forum always push for the purchase price o 70% ARV minus repairs/fees. But I live in San Francisco and it seems that fixers in the Bay Area still sell for very close to the market p...
Hello community. I think this is my first post. *Insert long winded personal story here*, and now I'm 49, chronically ill and exhausted, but finally in a position where, if I can figure it out, I think I could start s...
This article just popped up in my Facebook feed. House Flippers Caused the US Housing Market Crash.It suggests that it was not subprime borrowers with bad credit who caused the crash, but investors, based on the fact...
I just read a post by another member that made me really think. I am currently a senior in nursing school and work a part time job. I have around 20 grand in debt, but have the cash on the sideline to pay for it. I pl...
As an LP, how should I compare the track record of a sponsor that began with experience in the market prior to the Great Recession and weathered the storm vs a sponsor that spawned post 2012? How much credence do you ...
I'm hoping someone can help me drill down on understanding the legality of short term vacation rentals in St Petersburg, FL. I am finding conflicting information online and from people in the area. I understand that ...
For a newer investor the answer may seem fairly simple, buying a property at a good price point. I would suggest though that the answer is much more complicated than that.
I think if you consider it for awhile it...