I am looking at buying a tri-plex. The current rent is from 1998, can I raise the rent on one apartment at a time? All the apartments smell bad and are dirty. I will have to paint and replace carpets and I do not want...
Hey everyone. Long story short, I'm looking to purchase my first investment property. I live south of Denver and have about $25k ready to use. I've been looking for a long term rental in my area but investing in a STR...
Would you ever pay over appraisal price for a turnkey investment property? This is apparently not uncommon in the turnkey investing space. I wont name the company I'm working with, because I do respect them, and beli...
I often hear people say “I only had $10,000 and I was able to buy a duplex in a nice neighborhood with an FHA loan, you can do it too! It’s that easy”. Seems like this is disingenuous. They leave out closing costs, em...
Where can I get a wholesale contract?
I'm relatively new to REI, but have had a single rental property for ~3 years that does well. My father on the other hand, has ~20+ properties and tracks everything manually in a spreadsheet. While I could likely writ...
Hi Folks - thanks in advance for your input on this - looking for feedback/opinions on the best use of 100k in capital to purchase buy/hold rental properties as a long-term wealth strategy (optimizing cash flow + oppo...
I purchased a duplex on 20 July 2016 with the intent to rehab and rent the property using all cash. I then discovered the BRRRR method and would like to refinance to get my cash back out to start another. My question ...
Hi everyone! I am under contract with a duplex and I’m currently shopping my mortgage options. I have a couple different offers here and wondering if I could get some advice. For context, we are 80k over asking and wo...
two 2/1 units in hollywood, fl
Paid: 150k
Financed: 200k
Cash out at closing: 26k
Rent:31,200
Mortgage:1700/mo
Taxes:3,5k
Ins:1700
Vacancy: 1400
Maintenance: 1k
total: 7,600
Net profit: 23,600
23,600-31200= 5600
...