Rohit Vij
Need help in deciding city
Hello All,I am new to investing. I have a condo, where I used to live and which is underwater now, converted to a rental when I moved to SFR. It barely covers P&I, HOA, taxes etc. but provides me experience dealin...
Joshua Awodele
Which is better: Buying vs Building
Hey guys,My partner and I were having a conversation about which approach is better: either buying a rental property or building a complex with the same amount of capital e.g $500,000.To me, the analysis makes more se...
Matt Cupp
Fair Private Money Terms
Purchase price is $83,400. Rehab is $8,600Total investment is $91,000.ARV is $115,000 - $120,000Would clear $111,000 - $116,000Profit between $20,000 - $25,000Turn time should be 90 days closed. I have 50% and borrowi...
Dan Costantino
Tax implications on owner financing
I have a seller that wants to sell me a house for $240k. He paid $90k. There is a $200k HELOC on it which they used to build their $600k house which is free and clear...technically. I am trying to convince them t...
Paul Khazansky
Time horizon for holding a rehabbed property
I've been thinking quite a bit about the issue of appropriate time horizon for holding a rehabbed multi-family property. The idea is to buy a property and rehab it, which make take anywhere from 6 to 12 months. Short...
X X
Just bought my first property - question about raising rents
Bought a brand new 3br, 2.75ba house for $197,500. I'm going to rent it at $1300/mo to start [already have tenants moving in the day after I close on 06/08.] Does everyone typically 'build in' rate increases into the ...