Hello everyone,I currently own a condo outright near the Jersey Shore and just invested on a SFH (a block away from the beach) with a conventional mortgage whereas I'm renovating and planning to flip.However, I find m...
I work in commercial real estate finance and have done some limited personal investing in rental properties. In my humble opinion, there's arguably three key ingredients to successful real estate investing...time, ca...
Hello everyone, my partner and I own 4 buildings comprised of 22 units in the Chicagoland area free and clear. they are fully rented. We also fix and flip single-family homes in higher income sections of chicago.
W...
I live on Long Island, NY where life is great and taxes are high... REAL high. My personal property taxes are about 13k a year. They say that if there are houses being flipped then there is opportunity for a rental. H...
I got this idea in my head, but I want to know if this is not only possible, but legal. So I was thinking of increasing my cash flow by allowing family/close associates to pay a portion of my mortgage, and in return g...
Hello, I am looking for some advice/clarification on how conventional (meaning 30 year fixed) loans work for rentals when using a partner/co-borrower.A couple specific things are; 1) How does joint DTI work? Meaning i...
I have $10,000 sitting in the bank. I listed to several of the podcasts and the company sharestates kept being advertised with a minimum of $5000 to invest. I looked into their website and it states I need to be an ac...
One of my properties is nearly done with rehab. I was going to rent it instead of flipping this one. I was approached with the option to seller finance it. I'd get something like 10% down and sort of make up the rest ...
Quick overview-
Asking price: $164,900
Property taxes: $3440/annual Or 286/mo
Insurance: $500/mo (from FHA home insurance + mortgage insurance)
Rent: $550
No flood zone, good roof, good foundation, central h...
Hi All! We own one property (our home) worth around $500k, no debts owed.We would like to purchase a second place as a rental property for 200k-250k.We also have to renovate our current home (estimate cost around 65k)...