Ariella Sherman
Is this an OK first deal?
What do you think of this deal? $1,100,000 for a 6 unit multifamily, newly gut rehabbed, in Chicago 60645. Rental income is 9000 + 400 for laundry and parking. Expenses are 2834/month. This would be my first deal. It ...
Ryan Breen
My First Deal MA Investing
I’ve been off this forum for a little while, but have continued to listen to podcasts, read and watch the market for my next deal. I plan to be around more and hopefully meet some more investors and continue on the pa...
Amy Raye Rogers
The Negative Cash Flow Club!!
The numbers are in for 2021... 6 doors acquired in 2021... 8 total doors owned (all SFR)54k in rents, 24k expenses, 30k cap ex, and 30,500k in PITI...For a grand total of -31k net cash flow!!!but...400k equity growth!...
Travis Washington
Installing Fence for Rental Property
I have a house that has been vacant for roughly five months now. The home is in good condition and we have had a lot of showings. However, a major feedback we have been getting is the fact there is no fence. We hav...
Charles Schmidt
Partnership Question - How much of the payment affects your DTI?
Say I buy an investment property tomorrow with a partner and we split the down payment and equity 75/25 (75% him, 25% me), and the total monthly payment is $1,000. If I go to buy a new house hack property next year an...
Ben Hollingsworth
Business credit card for rehabbers?
Hey all,We're just getting started in the flipping and BRRRR world. We have an LLC with its own checking account to use when paying for stuff. We'd like to get a credit card that's specific to this business. Are th...
Rikako W.
Raising rent on inherited tenants. Advice needed ASAP!
We are a few days from closing on our first deal! We'll be house-hacking a 2-family detached house in Union City, NJ, about 12 min bus ride from Manhattan Port Authority. We are inheriting an existing tenant who is p...
Melissa Kirchhoff
Money is the problem...
Isn't that always the case?So I have a fun situation. I own a house and I have excellent credit and make a reasonably decent income. The problem is that I am a joint tenant with someone who does not have those things....
Brett Riemensnider
Offer Accepted on First Rental Property!
Just got word yesterday that the seller accepted my offer on a 4plex! Very excited for my first move into real estate. The 4 units are a 3bed 1bath, a 1and 1, and two 2 and 1’s. I will be moving into the 1 and 1 and r...
Michael Spittler
My landlord sucks...should I buy him out?
Hello BP,So this here is a bit of a complicated question so I thought the best thing to do was to bring it to the forum... Little bit of a back story is in order I think. I operate a brick and mortar business which wa...