What income is counted for a mortgage? And how much could I get? Say, if our income is $300 a month?Or $2,000?Thank you!
4-unit deal
Purchase Price $105,000
Unit 1: 425 2/1
Unit 2: 400 2/1
Unit 3: 375 1/1
Unit 4: 475 1/1
Monthly Tot Rent: $1,675
OwnExp: Insurance, Lawn, Maintenance, Taxes
Year Built: 1920
ALL UNITS HAVE BEEN CO...
I bought a lake house in July 2016 with the original intent of renting it out and then possibly retiring there in 10 years. I didn't actually rent it until 2019. During 2019 it rented for a total of 52 STR days (19 b...
I would like to get some feedback on this investment pitch that was given to me a few days ago. A developer has done a condo conversion in a very prestigous area of Phoenix. They didn't skimp on these converstions, ...
Hello everyone, my name is Chad Dunham and I live in Eureka, MO.
Background intro: I am new to investing, although been interested since 2004. Unfortunately, life's obstacles have gotten in the way, until now. I am 4...
I'm new to this site so forgive me if I ask a stupid question.Goal:Take advantage of Seller's market and position myself for passive income as I reach retirement.Situation: Debt: 100K; Value: 180-190K; Interest Rate: ...
Hi BP,I am analyzing a deal that I am interested in, almost turn key, ARV: $150; asking price: $115K, closing cost: $2K, repair cost $7K. All in cash for $124K. Assume I can refinance and get back $112.5K (75% of $1...
Hi everyone. My name is Andy and I'm from New Berlin, WI. I don't currently own any rental properties, but I plan on purchasing my first property within 6 months. I'm currently just learning as much as I can and pract...
Haha. Just kidding. I wish I had this problem. But....I am looking for ways to get money out of my business ( construction) and into real estate without getting pummeled by taxes. My accountant mentioned to have t...
I'm a sophomore in college right now, and i have the goal of saving money for my four years and buying a multi-family home owner occupied. As of now i only have a secured credit card that i've had for almost a year no...