Isaac S.
Buying personal home - financing advice
Hi everyone, I am buying a home for myself, a 650k home in the Chicago area. I have the money to put 20% down. I just want to be smart before I buy and ask is there is anything else I should consider on the financing ...
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How to get properties from the bank
I've been reading on here for some time now, planning, watching and saving. Here are some questions I've come up with based on reading here and there.
Once you've located a property and searched public records to ...
David Kauzlaric
Trying to get started, could use guidance :) Is this a good deal?
Okay so I am seriously interested in getting my feet wet in real estate investing. It seems like MHI is the way to go because of the low cost of entry and if things go bad, you're not out more than a few thousand a...
Travis Vizier
Pay off student loan or purchase real estate
Without giving a lot of personal details, here is the situation:
Student loan $100,000
Monthly payment on student loan $1,000
Monthly income available to throw at student loan $3,000
Should I:
A) completely pay off ...
Chris S.
Transferring personal vehicle to LLC for better DTI
Hello! Hopefully I am in the right area for this question. I recently got into REI and have 2 fourplexes which cashflow pretty well. I am looking into picking up another property, but have a crippling $668 truck payme...
Gustavo Alvarez
DSCR Loan Prepayment Penalties
Hi there! I applied for a DSCR loan and the terms include vague language indicating they may be a penalty if paying the loan early. Is this common for these types of loans? Is there a typical minimum period where the ...
Wendy Liu
Advice on buying Orlando-Kissimmee SFR
I am a newbie, so any advice will be appreciated. I am thinking to invest on SFR at Orlando-Kissimmee( focus on Windsor Hills or Regal Oaks at this moment). Is it good time now? how many bedroom? thanks in advance!
Sandy Uhlmann
Need Advide on Giving the Seller Multiple Offers to Choose From
I am planning on making an offer(s) on a SFH that has great curb appeal, in a great area. The owner had a recent appraisal of $115,000. (seemed high to me based on the asking price of nearby homes) ARV 130's. Ask...
Michael V
How do I continue investing after I've spent all my money on my first 2 properties?
After purchasing 2 rental houses in two years I've learned more than I could have ever imagined. This is clearly the way to create wealth and I am in love with it. I now find myself in a position where I have spent ...
Michael Staiman
Investing with bad credit
I’m trying to figure out a way I can still be involved with real estate with a 1.5 year old bankruptcy on my record. I had a business fail and I signed for a lot of stuff personally so I had to file for business and p...