What do you think? Good deal or a pass?
The numbers:
Seller wants $2 million dollars.
6 units are 1 bedroom and 1 bath and rents are under market by around $500 to $600 each.
There are 2 : 2 bedroom and 1 bath...
Home value is 325k - 350kPurchased at 160k and refinanced last year at 2.75% and still paying off closing costs for another year
Current Loan balance $108000
Current mortgage $869Rehab needed $15000
Rental income e...
Is a fix and flip loan the best option for this scenario? The property is being bought at a discount and has equity built in already... no need for funding to do renovations.. is there any other forms of financing th...
I’m on the verge of closing my first rental property (90k) in Ohio. It needs some exterior repair and parts of the roof as well.Assuming it gets appraised minimum 100k after repairs.. will I be able to take out a cash...
An elderly lady, Jane, owns 4 off market and an empty lot by one of my rentals. Jane wants to sell to me and escape of the headache of land-lording . She is too old to deal with tenants, maintenance, and she wants to...
I'm looking in the Long Beach area of Los Angeles County for a multi-unit apartment. I like Long Beach because there's no rent-control and apartments are more affordable at 125-190k per unit than most areas of Los Ang...
Working on my first deal to dip my toe in the REI world. I've done a lot of reading and lurking here and I think I've identified a deal with potential.Caveat: these numbers could be completely wrong or a very bad deal...
Hi everyone,With eviction moratoriums all ending (roughly) this month, how long until we see effects on MF home sales? I take it this will vary state to state depending on evictions laws... As you can probably tell, I...
Considering that DSCR = NOI / Debt Service and NOI = Gross income less operating expensesWhen institutions are looking at operating expenses for a new purchase, how are they calculated? For example, if we know the g...
I have a friend that is willing to lend me money for a down payment for my first investment property. My strategy is to buy a house through a short sale, rent it out for two years, then sell the house. I have no ide...