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For the last couple of weeks I've been scouting out a couple of six unit REO's in two different sections of the inner city. Tomorrow I want to submit offers on both of them but after crunching some basic numbers, ...
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Hi all,I'm in the process of buying my first home with the intent of turning it into rental property after a few updates. The entire process has been a new experience and now I'm deciding which lender to choose from. ...
We currently live in our house and looking to move within the next year or so. I was thinking about renting my house instead of selling after we move. Is there anybody that can look at my property and tell me anything...
Little background, I've rehabbed and flipped a few houses, had one single fam house rented that I'm just finishing a major rehab on and will sell. Major midwestern IL city, low cost of living, real estate rates do no...
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Looking at a 4-plex in Dayton, Ohio for $350,000. All units are 2/2s with balconies and larger-than-market av sqft. Average rent in the area is $950 (BP rent estimator). Currently fully leased with long term tenants, ...
Hello everyone (particularly seasoned REIs), I came across a multi-fam. property listing in the Sun belt about a month ago. Owner is asking $650k. He's now open to seller/financing (wasn't originally). Owner will fina...
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Hey, I have recently turned 20, and am still completely broke, unfortunately, but am slowly but surely putting myself in a position to invest in residential real estate. I have run over 100 practice deal analyses here...
Hi all,I'm new to this forum and have have a few questions I'd like to get your opinions on. Situation: I'm interested in purchasing a 2 bedroom apartment anywhere in the US, which I would rent out over many years.Fir...
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Hello all! I am busy working on a total gut job in the PACWest. And I am waffling between refinancing it for a hold or selling it after we are done. The property is 1.57 ac with a shy 1400 sq foot single story hous...
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Hello all,
I’m just starting out and want to get into rental properties and my question is how much money do you recommend having in savings when starting out?
I don’t want to buy my first property only to find out...