After doing some digging around and speaking with several lenders, it seems that the normal guidelines for banks to fund an investment buy and hold property is a 25% down payment, plus 6 months worth of mortgage payme...
I know cash is KING but I was hoping from some clarification in the whole aspect of not flipping but buying property and renting it out. I keep hearing this 50% rule and what not, but just want to see if anyone has an...
I'm currently in Seoul and wondering if there are others as well, if so let's connectEven for other US citizens traveling abroad, I'm curious to hear stories of your experiences you found to be new, exciting, interest...
Hi everyone,When first starting out, what did you do to keep track of your expenses, revenues, receipts, quotes, numbers, numbers, money, money, etc...? What software or programs helped you the best? Also, what were s...
So there ought to be a forum section for mistakes. A place where we can post our defeats, where we can process what went wrong and share with others so they can avoid the pain. Since that doesn't exist. I'll post here...
Hi all, New investor, have spent a few mos doing my research. There's a few concerns regarding Turnkey Providers (+ any investing in the common markets) that I have. This might be slightly rambling and maybe i'm cyn...
Hi All,First time posting on here but I have been an avid reader of the forums for a couple years. Great learning tool.I invested in single family homes in Houma, Louisiana from 2006-2009 and did okay, a couple rehab/...
Hey BP,I'm seeking feedback and experience about getting started in buying a Multi Family Property. My Goal: Start off with buying a Multi-Family in New Jersey (I reside and work in NJ). I want to spend no more than $...
So we are partnering with one of hubbies co-workers. He has the cash, but not the time, while we have the time, but not the cash. So he is willing to buy the property, and pay the downpayment and closing. But he...
Has anyone quit their job after just one or two deals?
After the second one I have in mind, my net income will equal my W2.
Just curious. I am tempted. (I posted this in the STR discussion because I doubt this has...