Hi,
House cost = $59,000, but with repairs the total cost came to $82,000. [I put roughly $8,000 down = I owe $74,000 on the mortgage (30 year fixed)]
My house was appraised at $150,000 before repairs. ...
Dear all!I have a company structure where a parent LLC owns children LLC's that own properties. When I look at the books that I manage via QuickBooks Online the distributions from children LLC considered as an income ...
Hey everyone, I am intrigued with the BRRR strategy!!!!Background info: It is my understanding here in Vancouver BC Canada that lenders need a min 20% down (without using insurance) to buy a property. If you know of a...
We have a contract on rental #6. Cash out of pocket $15,000, Purchase price $89,000, rehab $23,000, ARV $135,000, capital gain $12,000, 80% return on capital gains, monthly cash flow $463, 37% cash on cash return, tot...
Hey BP!New investor here. Looking at a deal around the Louisville, KY area currently which is 2 separate buildings totaling 9 units that I intend to BRRRR. I have been doing some leg work to find some information on t...
Do you focus on your state OR out of state real estate investing?
I live in southern california so the prices are quite high so just asking if you do out of state, what is a general consensus in terms of good states ...
Hi, I am looking to close my second deal but need looking to use private or hard money. I don't have any good private money connections yet so have been checking into hard money. I talked with several lenders and tryi...
Hi officially my first post :-). Anyone know how lenders determine the income allowed from an income producing property to determine d/i ratio ? What line on the tax returns is used, and the formula ? Also looking to...
Good afternoon,
So I made an offer on a 2 family which also includes a store front in Brooklyn, NY and my offer was accepted at 435k. after sellers concession it brings the cost to $461,100. I will be get...
Hi everyone,I've been reading a lot on MFR and I was interested in looking at properties to utilize either an FHA loan or a VA loan to get a 2-4 unit MFR owner occupied with intention of renting all units out after th...