I am looking at purchasing 3 duplexes, but the 20% downpayment is going to eat up all of my current capital. These will be my first deals. My wife and I are currently employed and have large savings. Should I pass on...
Like a lot of newbies here, I was surprised to find that operating expenses run about 50% of your rent collections. My question is, what do you do with all that money. Obviosuly you are not spending hundreds of dolla...
Hi guys, I am starting out in real estate investing, and have $20,000 saved for an investment. I live in Denver, Co. and am looking to join a syndication so that I can learn as much as possible. I hope to house hack o...
Can a private, individual landlord (who only has 1 rental unit) deduct cleaning fees for normal wear-and-tear from a security deposit at the end of a lease? Deposit was $650. Interest accrued = $3.90 for a total of 65...
Suppose you borrow private money for a deal and the deal goes bust. Now with a bank mortgage there in normally a 'deficiency clause' allowing the bank to try to seize other assets you may have if the foreclosure proce...
Introduction:
In the world of investment real estate, there are many different ways to finance a fix-n-flip or fix-to-rent project. Those who choose to utilize the benefits of private money know that there are m...
Hey BP community, newbie here. My fiance and I are both excited about investing in real estate and are wondering if you can help us with this-- should we wait until we get married to buy an investment property togethe...
Hey everyone, I just put under contract a 2- flat building in the Chicago area. This is a class C neighborhood. Can you please give me some advice and criticize my analysis below? The first unit is renting for 700 (lo...
I am hearing that others are getting 100% financing on new purchases, sometimes based on appraisal, not purchase price. Locally, I've called every bank in a 50 mile radius, and everyone has the same answer... 60-80% ...
I'm hoping to pick some local REIs and realtors' brains here and get some advice.My wife and I will be inheriting about $70k over the next year from her dad. My wife *really* wants to buy our own home since we've been...