I'm under contract for my first rental investment property for $148,500, contingent upon inspection. It's a single family home that appraised for $159,000. We had the inspection done today, and we were told by the s...
As I have been growing my investment portfolio I have had multiple friends and family approach me about investing together. My business partner and I have decided we would like to invest in an apartment by syndicatin...
Hey all! As posting states, I'm currently dealing with an issue stemming from my neighbor's lot: since 2016, having purchased the home as a shell property, the property owner did next to nothing to repair and/or mai...
Appraisal Risks – Part 1 of 2: The Appraiser Undervalued My Property. What Can I Do About it?
This is part 1 of a 2-part series on appraisal risks. In Part 1, we discuss what to do if an appraiser undervalues your p...
My wife and I (with our new 2 month old child) just purchased a home and are torn on what to do with our 2 bed 1 bath condo.Our new mortgage starts around $2200/mo due to a 2-1 buydown on the interest rate we were abl...
Hi All,Johnathan from Texas here. Starting a new post that I hope would gain some traction here as I haven't seen anything posted on the topic in a while (unless I overlooked).After doing some research, it seems that ...
There are positives and negatives of both systemsValue Add Positives:1. Cheaper acquisition price2. Greater ability to force appreciation.3. You get to pick the maintenance that you do, and you know what major mechani...
SFR rental in Santa Rosa, CA is projected to be $916 monthly negative. Rental income is $2400/mo. Operating expenses $1571/mo. Current mortgage payment is $1745/mo. Expenses include $240/mo paid to one partner for PM...
I closed on a property in Warren, MI on Oct 20 and I quickly found out through my property manager that the house is in a horrible area and won't fetch enough rent to cash flow. I was too giddy to get another property...
I live in a college town, where both rents and property values on rental properties are stable and relatively attractive. It seems like it should be a great place to own rental property. But when I run the numbers ...