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Hi I've got a 3-family I purchased for cash 9 months ago for 305k in the Boston area. I put about 80k into the rehab. I'm now trying to finance the property to take as much cash as possible out, but my mortgage broker...
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There are others on BP that live in really high property taxed areas, how do you overcome this?
I have looked at 50-75 multi family units around the Chicago area and most aren't even profitable let alone 100+ per uni...
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I co-own a rental property with family. It's a single family home with 2 rooms, 1 bath in Grants Pass Oregon that rents for $1225/month. I am 1/3 owner of the property. One of the other 1/3 owners is willing to sel...
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Hi,
I am looking to buy my first income property and wanted to know how much the maintenance, utilities and PITI should i deduct from the gross rental income? I have been told 45% of gross income but there doesn't se...
Hello All!
I'm a bit of a newbie and I'm looking to purchase my first 4-plex. Please note that this is in California, so the rate of return may not be like that of other markets. Nevertheless, please let me know if...
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I currently own a sfr. Current loan amount owed is $358,000. Current value of home is $550,000. I have rented this out for the past 3 years and am wondering if I should sell and take equity to put down on another prop...
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I am in a good dilemma. I am trying to figure out my best course of action. Feel free to share your thoughts and suggestions. I appreciate all the additional questions but really want to focus on the game changing ...
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This could potentially be my first deal but I am having a hard time making sure that I have considered everything and deciding on whether a Hard Money Lender would be a good option. So here is the situation:
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I have a couple of Owner Finance deals that I'm considering and would like your opinion.
Deal 1:
It was fully rehabbed approximately 12 months ago. The OF note balance is $80,775 paying $815/month with 1 year season...
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Hello! I'm pretty new to REI. I own two SFR but I'm currently looking into my first multi unit (four unit). I want to make sure I understand all my options when buying my first 4 unit rental property.Some background i...