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I have a tenant that has asked me for a lease with option to buy and wants to take over some maintenance items (although these are few and far between on this property). I’m not sure how to approach this...I’ve done a...
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Interesting scenario. My fiance' and I bought a SFR in our home town which is new construction. We went there, picked out the lot, the exact layout of the house (these were predetermined, about 10 selections) signed...
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Hello, I am looking to network with people investing in Inkster Michigan. It is close to Westland, Garden city, Detroit etc.I came accross a potfolio of 15 sfr and the owner is willing to sell at discount. I just have...
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Building a rental portfolio sounds easy when listening to a podcast or reading a blog article where the investor has accumulated dozens of units all at 1% rule multiples. But what to do in a market where you want to ...
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I was contacted by a guy that holds the mortgage on a small 2 bedroom house in my area.He is wanting to sell the mortgage at considerable discount. We have talked back and forth and the guy seems to have gotten burne...
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I'm thinking about getting a HELOC to pay my mortgage off. I hear it can cut down on the time it would take to pay it down. Can anybody give me the pros and cons of doing this. I'm not sure about doing this and would ...
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I purchased a multi family property in a very desirable location on LC. I have a lot of equity in the property and can sell it for 2x what I paid for it. I did have to rehab some of the property and I used credit card...
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Hi everyone,
So here is the situation. I have a HML that is willing to loan 100% of everything (purchase, rehab, closing costs, points, interest) up to 70% LTV based on ARV.
My question is, working with homes with ...
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Hi,I have a few multi family properties and I manage them myself. I have following questions around how to organize the properties and management.1. To keep the accounts and tax simple should I start a property manag...
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Hey everybody! So here's the scoop. A friend of mine has enough cash for a full 20% down on our first property with plenty left over for reserves and upgrades. We found a decent duplex that could use a little bit of w...