Mariah Jeffery
Patience pays off!
I bought my first renal property in March '06. Despite the hot RE market, I found a motivated seller and still got a good deal. I was excited to buy more properties, but didn't find any that would give me an acceptabl...
Rachid B.
Single Family Home vs Fourplex
Hello everyone, I have an investment SFH property in Houston that's bringing me $1600 a month. $5000 annual tax, $300 HOA annually, $1400 insurance, low maintenance fees. $75k equity. mortgage payment $571 but I have ...
Steve Miller
Need advice. 20k deal. tenants live free 10 yrs
I was offered to purchase a single house for 20k. It’s worth about $160k. However the tenants are elderly, desperate and want to live rent free for ten years. Taxes are about $4k. Needs some minor improvements that I ...
Michael Mulroy
Car Equity to Invest?
You always here the back and forth debate about buying or leasing a car. I personally have never leased but am considering it, given the following details. Car Value ~16kCar Loan ~ 6kEquity: $10kPayment $485/moWould i...
Yong Yoo
Potential First MFH Deal
After months of searching, I found a small triplex. Details below. I did walk through the property with a contractor and he did not find anything serious, but I am still considering hiring an inspector.
List ...
Melody Bynum
Cap Rate vs. CoC
New investor here trying to orchestrate my very first deal and need to do a renters analysis. What is the difference between Cash on Cash rate & Cap Rate? All advice much appreciated, thank you in advance
Barry Wallace
Does this deal look good?
Hello Everyone,
So I recently came across a 9 units complex that is completely rented and grosses $4900 per month. The owner is selling all his properties to retire and this is just one of his now. I have listed th...
Brian Szykowny
Trapped equity, hold or sell?
Long time listener, first time caller.I bought a SFR as an investment property in 2013. It was a REO foreclosure sale, with a tenant, and needed some work. Long story short, in 2020 my tenant moved out, I did a cash o...
Greg Haygood
Starting out in Memphis, TN
Good Afternoon REI Community,
I'm very close to convincing a friend to dip his toe in REI with his first property. He lives in Collierville, TN, which I gather is a suburb of Memphis. I don't know the area very wel...
Jack Srimani
Need help in analysis
Hi
I have seen a two unit house in a decent neighbourhood. The first floor has three bedroom and two bath while the upper unit has one bed room and one bath. The owners are selling this property and were in this one ...