Hi all! New to REI here, so any input or feedback is very appreciated! I currently have a 3.75% 30 fixed mortgage on my primary home, and looking to dive into my first investment property. I'm looking into multifamily...
I've been looking into c class Detroit real estate for a while now (yes I know) and am amazed by the cap rates on multi family units. 17 doors at a 10 cap, 11 doors at a 13. Admirably they aren't in the best of areas,...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $107,000
Cash invested: $500
Sale price: $215,500
This hoarder house was presented to me by a local wholesaler....
Hi fellow members, I have a tenant who started his lease about a month ago, and paid rent, security deposit and pet fee with checks that bounced. On top of that is making requests for cosmetic repairs. I had filed ...
Just closed on my second Rental property, but my first major rehab. This one is a 3 bed 1.5 bath with full unfinished basement. I purchased it for 43.4K and estimate about 30K in rehab to get it rentable. I am meet...
I am looking at 2 properties for my first true investment property purchase! I have a rental that was my previous home that I couldn't sell after we built our new home.
#1 2 bed 1 Bath (full finished non-co...
This is the first time I will be using a hard money loan lender.
I was hoping to get some thoughts on the proposal i received.
Thank you!
I’ve attached the loan proposal for you with a summary of the numbers below...
I've found a 2 bed, 1 bath house. ~1,100 square feet, on a small lot in the midwest. My goal is to buy and hold this property, and BRRR it after I'm on title 6 months and it's seasoned.Can be acquired for ~$20,000 (...
With all the hype of Indianapolis the last 10 years has anyone shifted focus on other areas near Indy? My thoughts are south of Indy more towards Martinsville and the surrounding areas. With the new highway from Bloom...
I know there is a lot that goes into appreciation; the price paid for the home compared to the condition it is in, improvements I can make, the type of area the property is in and the direction that area is going econ...