I currently have a deal under contract for 15 SFH and 3 duplexes for $306,000, the properties gross $6,750/month in rent. The properties are very conservatively worth $445,000 as-is.I have $30,000 to put into the deal...
Hello Everyone! I'm looking for some advise. Currently I live in California, likely moving shortly. I tried to be an appraiser, but you need another appraiser to mentor you for 1,500 hours to get your own license that...
Hello all,I am currently working on a VA cash out (100%). Unfortunately, I got a really bad appraisal, probably about 15% low. I was considering going with another bank and trying my luck on another appraisal. However...
I have two properties that have identical numbers but one has a pool and one does not. My thoughts are the pool adds unnecessary liability for not much more added monthly revenue. Are my thoughts accurate on this? Has...
I'm located in SeaTac, WA and one of my tenant has had an extended guest. It's been about 3 weeks. For the first 2 weeks, the guest has been here for about 5 days per week. On the 3rd week the guest has been here for ...
Hi All, I met with my local Credit union this week to discuss the possibility of getting another FHA loan. They informed me that If I moved out of my current duplex, I would need to refinance my FHA loan into a commer...
Does anyone have experience with short vacation term rentals in MAUI? My wife and I are looking at a property on the Lahaina side of Maui. The numbers seem to work out (not huge cashflow), however, we are a little c...
I can't believe this - I just realized that the house I bought on Friday still has no insurance!!! Fortunately there isn't much there since it's a shell to be rehabbed. But no!!!!
Is there any way I can order...
So today's the first day I got into my rental after the tenants moved out. Starting to assess what work I need to do and removing trash. As I'm carrying trash out the front door, a man walking a dog on the street asks...
Hello-I work for a CRE firm that is planning to branch out into other asset classes however I want to understand the different metrics/thresholds used to evaluate these asset classes. I come from a self storage backgr...