I heard in a Podcast recently that one of the first things to check when underwriting a potential deal is that the average median income is twice that of the national average. At face value, this seems like a good met...
New to this area, looking for a small 2 door or 4 door, I can live in one of them.The area I am looking for is converse. Any suggestion on more specific area. Thanks
Thanks for the warm welcome. I was literally practicing the art of the basic 2% rule using gross rents and sales prices. I've yet to find a deal meeting the parameter by following "asking price," but it's good "math"...
Hello all!My business partner and I are in the formative stages of our REI company. I am a Realtor and he's a professional handyman. Our initial goals are to flip 10-12 houses per year in the Kansas City area and purc...
I'm currently getting my education in note investing and built a little financial model to run performing note deals through and develop offer pricing using my cost of capital plus risk tolerance based on various char...
Where can I get the lowest rates for a HELOC?
Hi all,
New to real estate investing, looking to invest in a small MFH in Chicago in the next few months. I'm trying to get my numbers together and have a question about reserves.
I've seen the recommendation for X...
I closed on a property in Warren, MI on Oct 20 and I quickly found out through my property manager that the house is in a horrible area and won't fetch enough rent to cash flow. I was too giddy to get another property...
Hello all. I am new to this forum, so thanks for accepting me. I’m hoping for help brainstorming my current situation. I'm not sure if this is the right category to post in. Sorry if this is long.I bought a house wit...
Hello everyone, thank you for reading my post!I am brand new to Real Estate investing and I am working on building a strategy and plan for getting into my first property and beyond.I assume (please correct me, if wron...