I am currently about to begin my real estate journey by house hacking. My one question is since I have already been preapproved for a FHA, would I still qualify for it if I first bought an Investment property with a c...
Hello All,
I am trying to purchase my first rental and I was hoping to place the rental into an LLC after I bought it. I would be buying it and then changing it over later to the LLC. I was just informed that this do...
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...
I have two rental properties and working on a third. Is their any benefit (tax or otherwise) to starting a property management company and managing my own properties? If so, is a license required to manage my own pr...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in New Orleans.
Purchase price: $284,000
Cash invested: $12,922
Right now I live on one side for $430 a month. Very safe and ...
Hi BPs!, Can you please review this provide some feedback, please? I refreshed my pre-approval to lock the rates. Here is what my lender provided.Location: Chicago, ILLoan 415KIf you put the 20% down, I give you two o...
Hello all,I've been in real estate for a few years as a project manager for a developer and Realtor on the side, but have never done my own deal. My dad is an engineer full time, and General Contractor/Mechanical Engi...
How long does it generally take before lenders start counting your rental income ?i recently purchased a new primary residence and rent my original home. how long do i need to be renting that original home for before ...
Ok, so I am currently in the process of rehabbing a home that was purchased with cash. I have enough funds to finish the rehab. But, I JUST GOT FIRED from my day job! So, this means I will likely not qualify for a l...
Hi all, newbie here. I have read many threads and sincerely value the experience and wisdom of many of you.
I am a 24 year old young professional, I make 30k/year. I have 30k sitting in the bank and am interested to...