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Here's the scenario. 5-unit house listed for $180,000. Cashflows nicely at that price, even at $200,000. Don't have the capital to put down 20% on your typical commercial mortgage, and the seller doesn't want to hold ...
Hi All,I am looking to pick up my first rental property in Houston but I'm wondering which areas are the best. I am looking to invest approximately $75K which will provide $200-300/month cash flow. Any recommendations...
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I'm a RE investor and thinking about getting my license. I'm also planning on buying apt buildings in the future. If I get my real estate license and become a residential real estate agent can I still work with commer...
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One of the keys to real estate investing is finding a profitable market. Certainly you can make money in a market with stable growth, and if you're really good, even a declining one. However, where you'll find the m...
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Hi BP,
I bought a property as my primary residence for the past 2 years. The homeowners insurance is very low at $50/mo. I've recently rented out the property but have not updated my Homeowner's Insurance policy yet...
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Long story short, had an off market triplex fall into my lap from a friend of a friend. Had a horrible experience as a landlord and has been living in the place for 4 years with 2 units empty and already bought a new ...
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Any advice on exactly what one can deduct as an expense on a property i have lived in for 16 months and would like to now sell. I have a CPA but I get a little confused by all his terminology etc! Here is the story:...
I am basically a newbie with 1 investment property. I am looking to purchase a 2nd one and was considering doing so under a newly formed LLC. I have been told this is not possible. At what point can I buy under the...
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Hi Everyone!
Thanks to @Lake Lutes and @Raymond J. Rodrigues, my husband and I are closing on our first STR property in FL in 2 weeks. We are very excited for our new chapter!
I have a question for the STR owners i...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $150,000
Cash invested: $8,000
For my first home I purchased a duplex on short-sale. I lived in one unit for...