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Helped someone else out, but this one is paying off. Relative did not want to make mortgage payments on current home and new home purchase. I suggested that he rent the current home to cover the mortgage, but he didn...
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Can you please take a look at my number crunching and see if mathematically I made any mistakes when trying to determine CAP, COC, and Total ROI? This was a great read and really helped me out! I know these valuati...
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Hi! I just bought my first duplex as a househack and was wondering what you all thought about the deal so far!Details:Price: $197,500Loan: 186,855Mortgage: 1150Interest rate: 2.875%I live in one side and the other ren...
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Hello everyone,I am looking to buy my 2nd house (as REI) out of state (currently living in CA bay area) and looking at market suggestions. Have researched little bit on Orlando, Austin, Dallas, Nashville, Memphis, etc...
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Hi all! I decided to try and start for my first property. My Uncle introduced me to a contractor he used to work with yesterday who buys cheap houses on the south and west side of Chicago and flips them or rents them...
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Hey Guys-anyone else think what is going on with the stock market is just simply weird? Another great reason why we love real estate is we have a lot more control on the asset class directly (or indirectly with partne...
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Has anyone worked w/ a lender that offers asset-based STR financing w/ no points upfront and low or no prepayment penalties? No problem if it would require a 20%+ down payment and reserves. Sounds like it might be a l...
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So I live in San Diego in the military age 28 and I really want to get started in investing in real estate. Homes are very expensive around here/the units are all occupied. I want to use my VA loan. I found a townhous...
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What are the typical requirements that a hard money lender asks for? Outside of 10-15% toward purchase price, do they look for people with a certain amount of flips already under their belt?
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Good day all, could you take a look at my flip calculation below? I am working on my first deal and want to make sure that at least on paper it looks ok.Purchase price 85k, rehab 50k, arv 190k. Hard money loan 55% of ...