Good morning. We are looking at buying our first investment property in the near future and were surprised to find out that banks are very reluctant to mortgage investment properties under $120k. We have the cash to p...
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Hey Guys, I decided to refinance my rental property since rates are extremely low. I sign a couple of documents ( Appraisal report, Proof of delivery, hazard insurance, loan estimate, Lock agreement) but my current lo...
I found an 8 plex with a decent cash flow. It is actually 2, 4 plex buildings on separate tax lots (right next to each other). I have 3 live-in rehabs under my belt and 2 rentals but figured it was time to go to the n...
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I am currently under contract for my first investment property-a quadplex which I financed after 25% down.I am looking to understand from experienced investors their preference between leveraging equity vs being debt ...
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First off, I'm a complete newbie here. My husband and I have been discussing getting into real estate. Ideally, with rental property. We would prefer to pay off our mortgage first (4-5 years) which is our only debt. H...
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Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $475,000
Cash invested: $95,000
Purchased for $475,000 with a down payment of about $90k. Spent about $30k on...
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I just started listening to the show a few months ago and I have heard many people say that you can invest money that's been saved for retirement. Can someone help me understand how it is possible to invest money that...
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Where have you found success during your rehab: 1. What issues have you encountered when you act as the General Contractor and sub out the work yourself? 2. Would you allow a subcontractor without a license work on yo...
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New to real estate, as well as biggerpockets. I appreciate any advice as well as lessons any of you guys have learned along the way. I’m stuck between rentals and house flipping to get started. I like the longevity an...
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I got a lead on a vacant house in another state.I need some advice. House arv looks like 170k should I offer 65% minus say 20k for repairs. estimate since I am in another state and guessing at repairs. As for pictures...