Posts Tagged ‘money’

I just sold my house in California (thankfully) and have about 150 grand to spend. I’m looking at moving into a new 125k house, but I’m thinking of getting a rental property and allow that to help offset my mortgage. Taxes are 2.7% here for real estate. I make about 100G’s a year, 42 and I live alone. Not sure about the hassle of rental property though.

Hi,
I don’t have a lot of cash in the bank, but I have good credit. Is it possible to acquire rental property such as apartment buildings, duplexs, ect? If so, how?

I recently purchased a rental property with cash (it was extremely cheap) but it needs extreme repairs and I don’t have enough cash to make repairs. Plus I already have a primary home with a mortgage. Any suggestions?

I am very interested in flipping houses but the only thing I know about it is what I see on TV. My husband and I have no money, he works full time and I am a full time student with a part time job. We own our home but we would really like to buy a house that needs some cosmetic repairs and flip it but we are clueless on how to get the money to achieve this goal. Do we just get a loan? If we get a mortgage on the house then we will have two house notes and still need money for the work on the house so I am confused. Can someone please explain how people go about doing this?

Can this still be profitable in today’s market? I am located in sacramento, CA. Me and a few investors/friends of mine are interested in buying a house to flip and resell. We have done a lot of research, and believe we can get a good deal on a house needing fixing. But is anyone making any money flipping houses in today’s market? Thanks!

Is there still money to be made in flipping houses? Have you tried to flip a house recently? How much money did you make after it was all said and done? Which market were you in?