To start, I'm assuming a 4plex purchase price of $250,000, cash flow of $1k/month, an additional $1k/mo from personal income, and ~$14k starting funds. This would be the first purchase and bought using a VA loan @ 3.7...
Looking for guidance. I have done some investing, but am a miserable failure. Banging my head against walls (literally), I still cant figure out what to do. Nothing works. I am in financial distress, but have some...
Hello . Thanks in advance for the insight on this situation.
Here's my situation !!!
want to dive into real estate investment. Ive always been a businessmam. I want to start to rehab houses along with wholesaling h...
The psychology of wanting to own an investment property outright is probably blurring my thinking regarding looking at this situation purely from a cash flow/leveraging equity perspective. Yes, I want my equity to wo...
Hi, I had two questions regarding the process of converting a personal property with a personal mortgage attached to it to an LLC. After communications with a lawyer and the mortgage lender we are in the following sit...
I got a bad renter and I want him out.
My story is, at the beginning of this month, I rent my property to a guy. We signed the lease(1 year). He gave me the rent for this month but did not have enough for security d...
I just purchased my very first rental property which I am managing and running myself. It's a multifamily complex and 3/4 units a occupied. One unit is empty as I am renovating it, one of the tenants will be leaving...
I've read you should require 3 times the income for your rental price.Do you apply this to section 8/HCV?Or do you submit each application and see what the government will pay you and go from there?If their voucher co...
We are seeing a big uptick in second loans on the market, including those who own investment properties look to take equity out of an existing property by getting a second loan. Getting a 2nd is extremely difficult an...
Hi All,
I'm new to the forum and looking for info on foreclosing a tax lien. I'd like to do it myself if possible. I have 2 tax lien and that are in Pinal county. This will be my first time but I think is doable if I...