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Curious peoples thoughts on Detroit, MI as an out of state investment property for long term SFR?
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Saint Paul.
Purchase price: $285,000
Cash invested: $90,000
Up/down duplex house hack with significant renovations. Uppe...
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Hi folks. My wife and I are starting up a new business with an target open date of Jan 2023. We are considering renting a space to use but also have an option to purchase a building which looks like it will fit our ...
We are looking at getting into home flipping. What are thoughts on living in the home you intend to flip? We may have an option to purchase a home and be able to live upstairs and remodel an unfinished basement. Const...
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Hello all,
I have been having trouble acquiring a investor loan line of credit to acquire my second property. My credit score is good(750) and I have enough for 25% down on a 250K home(which is the price point I am l...
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What is the benefit of using hard money lenders when the interest rates are so high? If I have the capital just go to my bank I bank with correct?
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Hey all- My wife an I are newbies to this whole thing and I am thankful for this forum and network of people! I run a construction company and receive a W2 but our 2019 was a rough year for us so our tax returns are s...
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I've always been a big believer in long term, fixed rate debt - and I still am. What's better than eliminating interest rate risk on a deal for 5, 10, 12, or 35 years in the case of a HUD 223(f)?That being said, as th...
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Small home town bank! Saying only fund 75% of deal so im assuming that means they require me to give 25% down? Looking for advice on better options or pros/cons of balloon?
Hi guys, just had quick question on whether you would dump a single family house that has about $120 to $150k in equity to fund a multi or a (multi) multi purchase. Or rent out the single family. Current rents of simi...