Paul Birkett
Short Sharp Shock? Not so much.....
Mortgage Update: Outlook is not good.The economy continues to shudder to a halt. As I write, lower manhattan looks like a ghost town. My coffee shop typically turns about $1,000/day. As of 15 minutes ago, Carlos had t...
Mo Karney
76-unit building Diary
So, this is one of my first LARGE out of state deals. I'm based out of NE but the problem is that class C properties have been trading at sub 6.5% cap and north of $65,000/door which is insane. These same buildings we...
Austin Woyshnar
First time house hacker in PA
Hi everyone,
My name is Austin and I am a 22 year old structural engineer. I am a first time home buyer looking to house hack in the Scranton/Dunmore PA area. I'm looking for a 3-4 bedroom single unit, and I plan on ...
Matt Hendrickson
COVID19 - Is it considered Force Majeure?
I have a few rentals in college towns. As everyone knows, colleges have been closed due to COVID19. I have college tenants who are wanting out of their contract due to counting the Coronavirus as an “act of God” (ther...
Iris Schneeberger
Refinance vs Heloc for rental properties
Hello, any input is appreciated. HElOC vs Refinance? my mom has a house that has about 100k in equity. parents want to move to a smaller house and are thinking of selling the house to pay for a fixer upper cash to liv...
Jessica Bobo
Thoughts on spending $200k for a 1 bedroom condo in DC
Hi All. This is my first time posting here, but I read often. I live in DC and own 2 properties. One is a SFH that I use as my primary residence (about $200k in equity) and a 2/1 condo that I rent out for about $600/m...
Nathan Hall
How's everyone holding up?
Covid-19 has been a kick in the nuts for everyone, I think it's safe to say. How are folks doing? Rents are being paid, not paid, etc? Any new opportunities for expansion? Is now a good time to expand?I realize there ...
Nick Hawkins
Buying a property with a "Gift of Equity" down payment.
I am buying an investment property from a family member for the $125k that they owe on it. The house appraises for $160k so I'm getting a $30k gift of equity to use as a down payment.
The lender is telling me that...
DJ Cummins
llc
So we are still up in the air about starting an llc. We plan on meeting with an attorney this week. Any advice would help. four of us as equal partners. Looking to buy our first property soon and hopefully add one...
Erik Sell
Realtors - People's thoughts?
Does everyone here use a realtor when purchasing investment properties? For the people that do not, what are your reasons? We will have an LLC (3-4 partners) planning to purchase our first property hopefully this sp...