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I am new to the forum after reading a lot of valuable posts. I have a question on what my desired rental income should be (including my own 'rental' costs for living in the property) and the applicability of the 2% an...
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With interest rates being so high, I'm kind of stuck in my primary residence, unless I REALLY want to stretch things to only get into a slightly bigger home. So, I am considering adding a 2nd level to my 1 story home...
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Hello all .. I'm new to the forum and my wife and I are beginning to pursue real estate investment .. but we're unfortunately not rookies. I wanted to see if perhaps anyone had any other ideas with a situation on our...
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I just got an emailed from a lender i work with:
If you noticed from the bulletin that I sent you it stated that FHA is shutting down accepting any flips less than 90 days effective Jan. 11, 2011. Going back in time,...
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I bought a home in bay area fifteen years ago for 750K. Lived there for many years and left to LA about 18 months ago and rented to someone as soon as I moved. I sold the property a couple of weeks ago for 1.65M and I...
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Hello, in the next year or so I will have 50,000 saved to buy a rental with cash. I have almost all of my consumer debt paid. Are there any advantages such as owning a property in your name? The only thing I see I wi...
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Could anybody help me understand what a “good deal” would be for me here in Minneapolis / St. Paul, MN. I have a couple properties I’d like to know the numbers on. I’m looking to cover most of my mortgage with cash fl...
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Hi! I've saved a solid 20% down payment with the plan of purchasing a duplex, intending to rent for additional income. Trouble is, I'm being told by local bank morgage officers that since we have never owned a propert...
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I recently visited a new development and spoke with a sales agent. They said we could lock in the price of a soon-to-be-built lot (9 months, SFH) for 3% (house and land included). This got me thinking. The area (in Fl...
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We have an OOS property and the property manager is supposed to deposit the rent on the 10th of the month. How quick is your rental income deposited? I didn't realize that the rent deposited in the previous month.Fr...