We have a contract on our 2nd STR. Current approval from one bank is 30/yr at 6% with 20% down. Is this the norm these days with excellent credit? What about borrowing against a 401k or borrowing against our current S...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $53,000
Cash invested: $36,000
This was my first experience with BRRRR. I secured a line of credit against my prim...
So my current rental is doing great. I am looking to building a 300-400sqft additional dwelling unit in the backyard. I called the city already in regards to this an waiting for them to call me back. We are going to d...
So I have a bare lot I am selling. Lets say I get 100k for it. My plan is to 1031 this into a duplex. It looks like I can occupy one side of the duplex as long as when I sell the duplex that side isn't considered 1031...
I'm new to investing and looking into getting some rental properties. I've talked with my mortgage broker and they're willing to finance a rental property but I will need 20-25% down. My husband and I currently have o...
Can investing in condos be a good idea for beginner rental property owners? I know they will probably cash flow less due to the HOA fees, but at the same time for a new investor there won't be as much worry about any ...
Good Afternoon,I have a single family home in Minneapolis south suburb (worth $250K-currently owe $150K on the mortgage) which I've lived in for 14 years. Last year I spent close to $40K to replace the windows and the...
I am checking to see if anyone else has had this issue and if so how it was resolved, good or bad.I have had a short sale under contract to purchase for 2 years in Vegas. Last month I finally got the approval from the...
In terms of getting two loans, which is better:
1) Buying a house to live in first
2) Buying rental property first?
I would think buying rental property first is better. Once the rental property is purchased, t...
So I need some help - I'm new to this.
I just put an offer on a deal in Maryland that I'm pursuing with a family member (my sister calls him Dad). The plan is to split ownership 50/50. He's providing $100k ...