Eric Schroeder
Our First STR and Out of State Investment Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $325,000
Cash invested: $32,500
Vacation home purchase in Tampa, FL that we have set up as a short-term rental.
...
Phillip Rosin
Can I get a DSCR loan on a property that is livable but needs rehab from flooding?
Purchase price 245K ARV 425K. Market rent 2500/month. Home passes 4pt but has a few feet of drywall removed in several rooms and the lower kitchen cabinets removed. There is a working sink and all appliances are worki...
Anthony Pelaez
Radan Test- Help!
Hello fellow investors,
For some context I was going to close on a house Today on Feb 23rd. Our inspection report came back on Feb 21st and the home tested positive for Radan. Anything above 4 is bad and our report...
Becky Flack
Divorcing couple with shared rental property.
My Husband and I are seeking a divorce. We also own a home in Co. together, I live in Ca. he is moving to Mo. We want to set the property up as a rental and pay him for investments he has incurred since I moved out ...
Kevin McDonald
My deal good or bad, 2% not possible in my area
Do people really get 2% on rent of the purchase price? At least where I live there is no way this rule will work.A house that sells for a 130k (that doesn’t need any work) will get about 1200 to 1400 a month rent; no...
Karan Nanda
Is Midwest (Milwaukee area) good for buying and hold strategy
Hi All,Just wanted to get opinion of experts.Is Milwaukee area is a good place for Buy and Hold strategy? Any thoughts from people operating in this region.How can I determine If my strategy for building passive Incom...
Zach Adams
Next deal: 1031 exchange for a Multi-Family Quad
Good evening all - I'm looking to purchase a multi-family quad for my next deal. I have a SFR in Atlanta that has about $55k equity and could sell for $165k. CapEx has been one thing after another and every time I g...
Benjamin Bigger
Landlord vs. Property Manager: What's the Difference?
Hey guys! New to the whole rental property game, but I'm in love! I just have a quick question. The books I've been reading have been using "landlord" and "property manager" interchangeably. What's the difference? Whe...
Madison Holbrook
Property Appraisal Help
I have a couple questions specifically for this market. From my understanding and please correct me if I am wrong, convention banks are still hesitant to lend on Detroit properties. Most of this in part to having a ha...
Account Closed
FHA loans /seller's side
What is involved with an FHA loan from the seller's side?
I just got a call from an agent to show my house, her client is using FHA.
What does that mean to me as seller?
The house is listed for $127, 775.
Is it wort...