On this forum it’s obvious that most are either investing, or want to invest, in real estate. But I often wonder, of those who invest, how many are still pumping money into Roth’s, 401k’s, and the like? I wrestle with...
I have been looking for a strip mall/ shopping center in my area and am not finding any below $3M that are priced based on cap rates or any obvious rational calculation. Also, at their asking prices, they would no...
Hello BP,
The wife and I are buying a lovely triplex to house hack. The appraisal came back $50k less than the purchase price. We want the house but don't want to overpay for the property. Our options are 1. Walk aw...
I came up with a new way to quickly evaluate if a deal will cashflow.I call it the 10% Rule: if annual gross revenue is at least 10% of the financed amount (after putting 25% down) then it’ll most likely cashflow.For ...
My husband and I live in Tennessee, and made an offer on a home for $95,000 with $5,000 down at 6.5% for 20 years with owner financing. The owner's don't owe anything on the home and bought a new home a couple of yea...
Im so iffy about borrowing money from my 401k and use it to invest in more properties. What do you guys think is it worth it or just dont touch it?
Hello,
This is out first time renting out our home and after our tenants moved in they never put the utilities in their own name and I am still being charged for them. I plan on sending out a certified lette...
If I buy a single family home to rent out in my name with a mortgage in my name, then quit claim the deed to my real estate LLC with the homeowners insurance for that property in both my name and the LLC's name, will ...
Hello, looking for advice on this deal. I'm under contract on a 250 unit self storage business that is 60% occupied. Its in great shape, with all concrete drives in a non drive by location but with a in city limit...
Ok, here's the situation. I own a 3/2 free and clear in an up and coming hipster market. I had a tenant buyer in the place but he defaulted on the taxes. The only debt I have on the property is the 30k I had to pay ...