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heres the deal: im working with a wholesaler/ (licensed) realtor. i brought a property to him for a fsbo. the seller said he bought it 2 years ago for 160,000. says its in moving condition and needs liitle to no repai...
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Hey Guys and Gals,Looking to make sense of a deal that I’ve closed on and just completed a rehab. Purchase price of 115k with 10% down @ 4.75% with a P&I of $654/moLoan balance of 103,500Rehab cost of 10kARV of wh...
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I have a rental that used to be my primary residence. When we moved we refinanced to a 30 year. 4.75, non primary residence loan. About 4 years later now I have 100k equity in the property and 140k left to pay.
I pay...
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Reprinted with permission
When choosing an area where to buy a rental property, there are several things to consider including, distance from your home, supply of potential tenants, average rents you can collect and ...
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First and foremost, how do I begin? I'm 20 years old, work an hourly job, and have very little saved up. I was looking online, and getting a fourplex, renting out three of the spaces and living in one of them, and cre...
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My rent on my condo is going up by $450 in two months when my lease renews!! This is in part due to a promotion I was given when I rented it 3 years ago not being renewed. New rent will be $2200/month. They offered to...
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I have been kicking around the idea of rental properties for about a year and some change now. I had a couple goals i wanted to meet before diving in though. well, goals met. i currently have about 10k saved up and mi...
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Hello, I am brand new into real estate investing and I want to get into rentals. I good with my hands and so willing to take on something that requires a bit of work to get into shape. I understand the 1% and 2% rules...
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Investment Info:
Single-family residence other investment.
Purchase price: $98,000
Cash invested: $25,000
Sale price: $305,000
Contributors:
Justin Sullivan
We wanted to get our o...
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Made up example:(Using a private lender)Purchase price= $60,000Repairs= $15,000Closing costs= $4,000ARV= $120,000Loan amount after refinance @ 75% LTV= $90,000Closing costs/interest after refinance= $6,000What was the...