I'm speaking with a commercial lender for a package of smaller SFHs, and as collateral in case of default, he wants:1. First mortgage and assignment of rents on multiple residential properties2. First position lien on...
Hello All,I have a general question in regards to what debt to pay down first. Currently my largest sources of debt are my condo I recently purchased in April 2018 and my student loans. At my current payment rate my m...
Hey there smart people,
So, I am starting with my real estate investor career recently and I came across this one question for which I'm getting biased answers. So, here is my question: Why would people choose to ren...
The brand (Carrier, Rheem, Lennox, Trane, etc) or the company that installs it?I'm starting to have companies give me estimates for replacing my two rental units HVAC systems and after a little research have come acro...
Will be speaking at my sons school next week for the entrepreneur class. Things I want to bring up. 1. All the basics of real estate2. Some complex things such as 1031 exchange. Taxes. Other complex things, ( I won’t...
Hello BP community,
As a new investor, I feel like a core pillar upon which success is built in real estate from what I have seen from other experts in this forum is being able to determine acceptable risk for a dea...
Hello BP!
On the subject of LTR, what would you say is a healthy reserve? My search consists of duplex listings at or under $120k, 25% down and no more than $10k in rehab.
What would be considered a safe reserve am...
Still trying to identify a property management company to use. I thought I had one, except the agreement is stating that we have to remain in the contract even if they have not leased the property in 6 months. If, ...
Hi, I'm in Chicago. I have very little equity, roughly 10k. My goal is to buy a single family home and rent it out. I guess my question is that is 10k a little too hopeful when it comes to looking for a fairly decent ...
Hello!We are beginning to look at non performing notes across the country. I am looking for input as to which states are ones to avoid due to challenging and/or foreclosure process. And also, which states might be goo...