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Hi everyone,So I am starting to get the ball rolling on my next investment and I am trying to gain some information as to what I can expect to be able to borrow with my current situation. I am toying with a few ideas....
To set the stage, I’m self employed with an over 800 credit score. Between my wife and I, our only loan is for our car. We have about $60k saved up in just a couple years and a $100k in a committed gift from family t...
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Hello all,
I have a pretty basic question but couldn't find a concise answer posted.
What's the difference between net operating income and cash flow (as used in an REI context)?
My understanding ...
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Hi. I am just getting started as a real estate investor. I am about to close on a single family property which I'm paying 39K for. There's a Section 8 tenant who pays $675 per month. I'm using my HELOC on my resid...
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For those of you who actively choose to invest in high crime areas, what do you make sure to factor into your numbers? -higher vacancy-higher possibility of turnover -hiring a property management company with skill an...
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I have rental property that I have owned for 14 years. It was our first house. We got an FHA ARM 30 year, which is based on the 1 year t-bill (rate + 2). Its been a great ARM easily beating out the fixed rate in most ...
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Here’s a very brief summary of a few things it includes:
- Stimulus checks worth up to $1,400 per person. There are restrictions based on how much you make.
- Unemployment assistance - A $300 federal increase to we...
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I’ll be moving in with my girlfriend soon and I’m looking for opinions on whether to rent or sell my house. I have rented it in the past but I am considering selling now. Here is some of the relevant information:Estim...
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I received a letter in the mail from the Department of Revenue in Kentucky prompting me to register online for tax accounts for my business (I started an LLC in 2016 in KY for the purpose of asset protection for real ...
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I keep coming across posters asking for advice on how to “scale” their investment or business activities. What they’re missing is that they first need to ask “Is my business / investment process scalable? Here’s, th...