Micah Ng
Practice rental property analysis: Windsor Duplex #2
Hey all,I'm analysing deals on the MLS and would like to see if I'm doing anything wrong. This is a 2*2 bed duplex in Windsor, Ontario selling for $140K. Listings I see online put 2 bedroom units at between $1000-1200...
Corinna N.
Opinions on this deal
Hi everyone, looking for opinions on this one.
First, I'll say we're planning to use this as a rental property and sell it in about 10 years.
- Safe, older neighborhood with small homes near a military base.
- SFH R...
Jason Wiles
Need financing!!
Ok, I'm in a pickle. I have numerous potential deals, I have set up a pretty solid team, I have good credit, but I have not been able to set up any private lenders and I keep finding bad reviews online about a lot of ...
Brad E.
To improve or not to improve... that is the question
Hi all -I am looking for some guidance on evaluating the value of improvements to a duplex I recently aquired. Not sure what metric I should be using to evaluate this opportunity. The situation is that I have a duple...
Account Closed
Will the stock market affect real estate???
I just watched the news and heard that there was a 400 point drop in the stock market and it is not going to stop. Will this drop spill over to real estate? I know that many people make predictions about the stock mar...
Robert Hastings
Using rental income for mortgage app
If you have a unit that rents for 500/month and from that unit you cash flow only 150 monthly and you have over two years documented income on tax returns, you will only be allowed to use 75% of that "cash flow" incom...
William Allen
Latest flip produced just over $40k
We just closed on our latest flip and the first in our new market. I figured I would post the story to help out some of those trying to get started. These are the types of posts that pushed me to get started so hope...
Preston Moody II
Does this sound like good deal?
1/1.5 condo. 760 sq ft. Asking $27,500. Does need appliances. HOA is $314 a month. Rents are anywhere from $800 and up. Seems like a good deal? 20% down 30 yr fixed. Still new at this so be patient. Haha
Alex Chin
Is a 2+ year old listing a red flag for you?
Hello BP,I'm looking at a couple of properties that meet a lot of the basic criteria that I want for my first potential investment and am starting to dig a little deeper and taking a harder look at them as possible re...
Colten Adams
Wait for market correction for first investment?
I am 21 years old in Omaha, Nebraksa. I have a good credit score and some money saved up for an investment. I also have a few friends who are open to partnering on our first real estate deal. If possible, I would like...