I have good credit and pretty confident I could get financed if I tried. My question is. Is it wise or too risky to invest in my first property with depleted bank funds?
Hi,
My goal is to get another rental property with the proceeds. I have a rental property (town house) with equity 127,500(approximately).
I owned it for 4 years 11 months with interest rate 3.625.For Cash Out Refin...
Hi,
I have been reading the posts and have set aside money for an emergency funds for our rental properties. The funds are currently sitting in a bank savings account earning close to 0.01% interest. I am w...
Hello,i am relocating to CA from East Coast due to my job. I have 500k emergency cash in a HYSA and another 500k in equity in my current home that I am contemplating to sell.What would be a best place to park my emerg...
I am looking to buy my first property, a small single family home (750 sqft). I am confident my wife and I will be able to get a loan for it, but am worried that the house may need more repairs than we are expecting. ...
Hi, I'm a total newbie. We sold our house in the Bay Area, CA and have about 700k after paying off the loan. We bought a new house in CA for 850k. We do want "emergency cash" and to put some away for our 11 and 12 yea...
So I am brand new and keen to dive into the world of real estate investing and as I've been educating myself the topic of financing has come up again and again. Now I am eager and determined to succeed in this busines...
We are looking for advice for our first purchase.
Details: Cost of 3 bedroom townhome. REO property. 1500 square feet usually rents for approximately $1,100. Rehab under $5,000. HOA $80 a month. Taxes 2,5...
Trying to find the best way to finance my first deal. Ideally, I would ideally like to use the brrrr strategy in Washington state. I'm 19, I have 30k worth of stocks that I would prefer not to sell in order to finance...
Is there a formula or general rule as to how much reserves you have set aside per property?