Tyler Cruz
Low income: Pay off existing mortgage, or purchase another?
Hello,
5 years ago I purchased my first income property (separate from personal residence). 1-2 years after purchasing it, my business crashed and I stopped earning income - I only make a miniscule amount right now, ...
Joshua Hight
Is a duplex, triplex or 4plex a good 1st time house hack?
I'm just getting started in real estate investing and came across using an FHA loan in purchasing a 2-4plex property and house hacking. I have some money saved up right now, am continuing to build my credit and learni...
Janelle Hicks
When is a building a lost cause? Rehab cost too high?
At what point is a property too far gone to rehab? I found an 9 Plex, fixed up it could be worth about 400k based on income valuation. But it needs EVERYTHING. Place is a dumpy/disgusting, been vandalized, no floors, ...
Bob Woelfel
Tenant is never home...we thought unit was abandoned
We just purchased a small multifamily building. One of the tenants in this building is never there....as in for weeks we thought it was abandoned. None of the other tenants had seen her in over a month. She rarely ...
Amanda Chandler
Hard Money as an individual or through an LLC
I've seen some posts on the forum about hard money lenders "requiring" an LLC for them to loan money. Can anyone share their experience borrowing hard money either through an LLC or as an individual?Thank you in advance!
Matt Lefebvre
April 2020: Rent Collection Survey [1600+ unit sample]
COVID-19 has a far-reaching impact on the economy and is impacting the world of real estate. Going into the month of April, I've heard many landlords bracing for the worst in terms of their tenant's ability to pay ren...
PJ O'Connor
Seller owes back taxes - is there any relief for buyer?
I put an offer on a short sale. 391K offer, comps are over 600k. House needs approx. 100k in upgrades. Offer was accepted, sellers bank approved. However, the seller did not disclose to the bank that he owes 27k in ba...
Ray Johnson
Housing Markets most vulnerable to COVID-19
I thought this was an interesting article, odd that a majority of the properties are on the east coast. .25 Most vulnerable COVID-19 related housing markets Wish I could see more than 25 markets. How is it that some o...
Kanwar Sodhi
Anyone Lending 100% in a cash-flowing rental property?
I just saw a property in Georgia that's cash flowing well. Any lenders that'll 100% fully fund?
I can pay closing costs, purchase price of $140,000 and $1,800 of rent coming in.
Assuming it's fully funded, 25% set a...
Leah Robertson
First Multi-Triplex number good or bad?
The wife and I are looking at buying our first Multi unit. We have two townhouses (different complexes) and a condo that we own and rent out but those were just our homes we used to live in and we kept them to rent th...