I'm looking to buy my 2nd rental property, but have some financial questions.1. I own my own home and can take about $13,500 for a HELOC to use as a down payment. Q - If I do this, and then try to get a bank mortgage ...
Question on commercial multifamily valuation...When I analyze deals, I include Reserves (10%, set aside for CapEx) in the Operating Expenses, which means it is a part of my NOI calculation. That's how I do it internal...
Hi Everyone! I am seeking to launch a small private lending business. I have limited capital to lend out so in addition to using some of my own capital I'm considering opening a business checking account and applying ...
Do you pay 2 different mortgages with either one?
Any advice for a newbie looking at desirable areas where houses are greater than 100 years old.? Specifically looking at a duplex. For those that buy older houses what are common things to watch for or lessons learne...
Hey everyone,I'm looking for some advice on a particular property's sewer situation. I'm under contract to buy a property that is zoned as a single family home but it has 3 apartment units - 2nd floor, first floor, an...
Hi everyone! Total noob here. I’ve always been interested in real estate investing, specifically short-term rentals. Finally pulled the trigger this past summer and bought my first SFH for STR. It’s a turn-key house i...
I heard a leak and after some detective work and cutting open the back of my kitchen cabinet I finally have located a few pin holes at the bottom of a kitchen copper drain line.
These pin holes unfortunately ...
So last week my tenant let me know her washer was not draining so I checked it out and it looks like the old iron drain line is clogged. So I decided to just simply drain right into the sum pump. Now the washer is get...
I've been checking around with several Texas agents to to get insurance for 8 single family rentals in the name of the LLC that owns the houses. A couple of agents have suggested getting coverage under surplus lines...