Matthew Sarro
How necessary is a history of personal financial statements for a lender?
Hey everyone. I am reading through the "Real Estate by the Numbers" book now, and am still in the beginning where it discusses personal financial statements.For the past two decades I have been using financial aggrega...
Heather Ippolito
Nervous about pulling the trigger on first house - feedback?
OK its a SFH in a nice neighborhood in NC with mostly military families renting. House built in 1992.Asking price $139kHopefully paying 127K in cashRental income $1300Taxes $1100/yrProp management 10% of rentInsurance...
Mike L.
Do 1099 realtors qualify for the “PPP” government program
Hi everyone,I’ve had the hardest time figuring out if 1099 independent contractors working as real estate agents qualify to get money from the government under the disaster sba forgivable loans. It seems that we do, b...
Ember Meadows
Managing a Contractor/Partner in a Fix and Flip
So guys I need your opinion. I have been in real estate for a couple years and for a long time had a partner that dealt with the construction side of having real estate. In the last year i have been dealing with a p...
Ryan Dukelow
Calculating Cashflow
So I'm ready to buy my first SFH rental, but I'm struggling with a few things. I want to know what expenses I MUST account for when calculating rental income minus expenses. (Tax, Insurance, etc.) Also, how do I know ...
Jack Srimani
Need advise for possible purchase of a four unit rental investment
Hi,
I am looking into a investment property for rental purpose. This is a four unit property. Three units are occupied. The fourth unit is not as this side of the building has a roof leak. The roof is twenty five year...
Kyle Patrick
Any Multi Family Pro's willing to help a Newbie Out?
I don't want to make this very long, so I will try to bullet this to keep it short. -Newbie in Washington D.C. inspired by the idea of using an FHA loan to purchase multi-family while living in a unit. -Found a 4 unit...
Dawn Roof
Would a less than stellar looking front yard be a deal breaker for a renter? (See Photo)
How much does a potential renter care about the appearance of the front lawn? We are looking at a property in a middle class neighborhood in Charlotte, NC, and the front yard has just been seeded and covered in straw....
Brian Beck
Rent or sell current primary residence in SF Bay Area
Hello,I hope what I'm about to write is clear. Step 1)Our 3-5 year plan move from California to Tennessee and in the meantime move back in with my mother and rent out our home (comparables rent for $3,000 and our new ...
Juan Alvarez
FHA loan for beginners
Hello,
I am new to the real estate world. After doing some reading, I believe it is best to start off with an FHA loan. My question is on the requirements. I am wanting to finance a duplex, you know do the house hack...