I have two rentals and contemplating on making a $10K towards the principle on each SFH and having the lender recast the loan. The recast is only $250 each property. Thoughts? I'm cash flowing $450 and $600 monthly, ...
How much cash should I have set aside per unit in case of emergency?
I didn't know if there was a rule of thumb, but was thinking a year and a half worth of expenses.
Any thoughts on best practices for converting equity in property into cashflow. I don’t mean refi, heloc, sell or 1031. I understand how and when to access the cash from a property. Just wondered if anyone had clever ...
Help me see if this is "worth it" or not. Is the ATR still a relevant indicator of a deal?Amateur investor/full time agent here. I've found an off-market property that would require $175k purchase, $35k down, $20k i...
So I currently have a 5 unit Multi family under contract in Louisville, Ky with a 21 day inspection contingency period. The building is over 100 years old, seems to have somewhat updated plumbing & electrical and...
Hi- I’m living in Austin, Texas and have about 30k saved up for my first real estate deal. I also have about 120k in equity on a property I house hacked and bought about 8 years ago. I’m nervous/scared to take the plu...
Hi Guys,So Seller and I came to an agreement on a price on a home. We both signed it and two hours later he calls me telling me he no longer wants to sell the house for that price and he wants more. Got legal advice a...
This is my first time as well posting, my apology in advance if theres possible confusion.Anyways.. let me give you some insights. After months of speaking to seller he finally agreed to sell his fourplex as he has be...
Signed a purchase (600k, 1650sqft single family home in Folsom ranch)contract last year, plan is to get the down payment from heloc(2.5% apr until next year jan, after that it's variable). I also lock the interest of ...
I was wondering what was everyone thoughts about rental properties in dilapidated areas was. Is it worth having all the numbers work out, i.e. 2% rule and house bought @ 70% of value etc., vs. the appreciation of the...