I bought a shor-sale house and the agreement is that not to sell it for more than 120% value from day 30 to day 90. I plan to complete the renovation within 60 day, and sell it after 90 days with more than 120% value ...
Wanting some advice from those here that are far more experienced than I am in this area. Here are the basic numbers. I could get the property for 105k. No repairs needed. Currently occupied with tenant paying 1050 a ...
We found our first duplex and have run the numbers, so I'm going to "noob it up" as hard as I can here. I've never purchased a property before so rather than ask people who would benefit financially from the steps we...
From what I understand there are four ways to make money from a rental property:
1) Cash flow - Pretty straightforward. Total money you receive as income is more than total expenses.
2) Appreciation - Increase in the...
I know everyone has their strategy, but I am trying to decide how best to proceed.
1.) Local market: rentals provide 17-21% annual returns for single family detached priced between 40k-70k. The market is great for b...
I need advice on a duplex i am buying in norfolk va its a 3br 1.5 bth and 2 br 1 bth home thats on market for 199,500 asking price. rental income is 1725 monthly. expenses are 180 dollars on water bill. I will purc...
Hey guys, I’m currently looking to BRRRR some properties and hold onto them as rentals. With rising interest rates, I’m worried about the refinance and what implications it may have on cash flow. Obviously with higher...
Hey BP! I need advice on a decision I have to make.Long story short, my gf and I both applied together for an FHA loan, initially to buy a 2 unit house and we got approved for $385,000 with 20% down. That approval is ...
Hello,I currently have two duplexes that I have lived in and kept. Both are on conventional owner occupant mortgages and I will have lived in each for a year minimum once I close on a new property.I am looking to move...
I am getting both conventional and non QR rates for non owner occ, sfr rates of above 6 for amortized loans and 6.75-6.99 for interest only loans, all non owner occupied and with 1/3rd down. Even with $3400 month ren...