looking at a duplex and triplex. $300000 total
240,000 financed at 5% for 30 years = 15,460
taxes=2700
insurance=900
property management=6660
repairs/maint=2000
utilities=600
lawn/grounds=500
misc. =1500
vacancy=800
...
If a tenant passes tenant screening with 3X income vs rent (of your house) and has good credit history, but currently owns a home, would you rent to them or consider it a risk?
The reason they want to rent is becau...
Hello BP members, I am looking for some perspective on a potential real estate transaction. My fiancée and I are in the early stages of REI and are focusing on learning the fix and flip strategy. We are currently rent...
Can someone please explain owner financing and how it is generally structured? Is it also known as ''seller carry back''? I have an idea but not sure. Is this example anywhere close
5-PLEX WITH BANK LOAN AND 30% D...
I am a buyer interested in purchasing two condo's from a local investor. I would like to do seller financing. Each property is listed at $70K. Seller told me his mortgage payment is $375. I am thinking about proposing...
Hi everyone,I am looking for a reality check here on the scenarios below. A few general notes up front: the property in question is in Germany, thus the € amounts. Some things with respect to loans work a little diffe...
Hi Everyone. Two friends and I are on the verge of starting a Real Estate Investing business. One of them has a large sum of money to use to buy houses and flip them so it seems that is where we are going to start. Ho...
Background: 3 1/2 years ago I purchased a house using a FHA loan with the sole intent of owning and living in the property. Now my finances have allowed me to look into investment properties and I would like to pro...
First Deal of 2020:
I live in a small town, a very small town, population 4,000 people and to kick it all off I'm only doing deals in the town center...which is about 1.5 square miles. In 3 years of living here I did...
Hello all,With respect to finding good buy and hold deals, has one ever noticed a higher ROI with larger properties?Larger meaning higher priced properties. Obviously the monthly mortgage goes hand in hand with the pr...