Matthew Mclean
What financial rules do you follow when buying? Negative cash flow?
Would you consider negative cash flow for a house that will appreciate and rents will increase?
Dave Mosher
Pay cash and refi later? Or 20% down?
First SFR deal is getting closer and closer, I have it narrowed down to 2 and now I am contemplating how I am paying for it. The plan is BRRRR. I have 2 options:1. Go for a 20% down conventional mortgage. Rehab ren...
Eric Pirozok
How important is equity build-up?
I have a rental property that produces $100 of positive cashflow. If I apply an extra $100 to my principal payment each month I will payoff the mortgage in 25 years instead of 30. What is more important? Paying off my...
Steve Shaw
Cash For Keys: What to Offer Inherited Tenant? (Non-M2M Lease)
Purchased a duplex in October 2019, and inherited a tenant as well as a 12 month lease that extends through May 2020. While we've attempted to show good will and provide reasonable accommodations, our tenant has unrea...
Brett Malen
Renters keep leaving early
So I have 1 rental with only 2 renters, where the first lasted 11 mos. the second 2 mos. Both so far have been high quality, but effectively use my well maintained rental in an A neighborhood as a staging area to look...
Account Closed
Quick Check on this hard money payoff quote
I borrowed $141k hard money at 7% interest-only and escrowed ~$10k with them for repair costs (not sure if that matters). My monthly payment on the hard money is $822.I'm now trying to refinance into a conventional mo...
Samuel Lee
Submeter Gas, Electric, Water in NC
I have a multiunit property (8 units) in NC with central water, gas, electric. Does any one know a ballpark figure to separate meters for each utility? I want to find a way for tenants to pay the utilities.Thanks,Sam
Stephanie Younger
What do I get approval for first, the HELOC or Mortgage?
I've been searching the blogs and cannot find the answer to this. We've just decided to get started with our first investment property and instead of tying up our cash, we're entertaining a HELOC on our primary home ...
Roslyn A.
Eviction or Cash for keys
I have a tenant who have had problems paying and being late so I finally decided to give her 60 day notice to leave. The area this rental condo is located is fairly nice in southern California and most times I have ...
Ethan Griffel
Property analysis when using a HELOC as DP
If you have used a HELOC as a down payment do you calculate the monthly payoff of that draw as an expense when running numbers on a potential deal? Example: expenses+mtg+HELOC= total expenses. Initially I have been do...