I'll start from the beginning, because there are lots of little details I need to explain in order for you guys to fully understand the situation. (All names are substituted by fake ones for privacy reasons.)In April ...
All,
First post for me but from what I have read thus far, this forum is great.
I live and work in Massachusetts in the Financial Service industry and have amounted a small (>100k) in cash over the last couple of ...
New to investing and have a question on financing LLC owned properties. My husband and I bought our first property in May. Our plan was to rent it but now it looks like we will be selling it due to an offer we just ca...
Lets say I spend all my money on the down payment for a multifamily rental home. How would I afford another down payment for when I buy another multifamily? Would I save up my income from tenants? That would take YEAR...
Hey folks,I'm doing research and gearing up to make my first foray into real-estate investing, and I was looking for some guidance.My goal is to make the purchase in Q1 2019. I will be able to put around $50k down at ...
Throughout high school from working long hours on various jobs and then investing that money into ETFs, I managed to save up (some say I sacrificed my social life through not spending any of it) around $40k.I’ve been ...
I was hoping to purchase the home with paying tenants already, unfortunately that doesn’t look like it’s going to happen. I do not own the home yet. But I will!! I’m trying to be proactivate with this situation. I wo...
My partner and I looked at a property on a fairly major street in Woodland Hills, CA over the weekend. It's a small house in really bad shape that we see as a tear down. It's on a 7700 square foot that we believe is...
Hi there!I'm new to multifamily and am looking to understand what sort of loans I will qualify for when trying to purchase a 16+ unit. I understand I'm most likely looking at 25% down with 6 months of PITI reserves.My...
Hey, Started to gate tapes from different sellers recently and i noticed a few columns which i'm not sure how to interpret and what is their impact - Corporate Advances/Deferred Balance, can anyone shed some light? is...