Robert Miller
Tax Question
I`m buying an REO with transactional funds and doing a double closing to flip it immediately.I`m buying for $43k total,reselling for $82k.Now the transactional funds are paid back pretty much at the end of the double ...
Account Closed
Could I get some help analyzing this SFR deal?
Hi all, Thanks for taking the time. I'm brand new to real estate, so wanted to get some advice before I move on this deal.Here's the rundown:
Type: SFR townhome 3bd/3ba 1,642 sq ft.Cost: Upper 280s but I want to get ...
Annette Grotheer
How to Interpret Coc ROI if Utilizing a Zero Percent Down Loan
I am looking at financing a home purchase with a physician's loan which has special terms including zero percent down for financing. I am curious how you interpret Coc ROI in this case. Is this metric useful at all in...
Ellie Perlman
What You Need to Know About Multifamily Financing
Due to the fact that the country is currently in a recession due to the pandemic, financing is harder to get. The good news is that lenders are still lending money.
To begin with, there are multiple financing opt...
Jack B.
Tenant claiming electrical issue that is impossible, suspicious
Right after moving in, they claim a single element on the kitchen stove being on is causing a bulb to burn out in a bedroom but magically not trip a breaker. (I lived in this house for 4 years including just a few mon...
Kevin Akers
Conventional loan for duplex
Is it possible to get a conventional loan for a duplex? I am looking into buying one, but the lender is wanting 20% down because it is viewed as an investment property. I thought I heard you can get a conventional loa...
Michael Plaks
5-yr depreciation - for tax geeks
On a different thread, I was challenged by my usual sparring partner @Eamonn McElroy. Our purely theoretical disagreement was over a $100k excavator to be used in a rental business, which I'd call a stretch to even co...
Lee Melvin
Having an emergency fund for repairs etc. 50% rule....
For some reason I do not like the thought incorporating the 50% rule when looking at cash flow etc.
Id rather just have a large enough emergency fund and deal with problems when they come up and not include t...
Larry Littrell
Trying to come up with a brand...
I am trying to come up with a name for my company.
My plan is to fix and flip to get out of consumer debt. I will then continue to fix and flip to build my buy and hold properties. I want to eventually achiev...
Matthew B.
How high is your ROI on your rentals?
Just wondering what everyone shoots for as far as ROI or cash flow on their rental properties, with and without financing.
My target properties are 2-3 bedroom SFRs in Central Florida. They're $40,000-$80,000...