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  1. scine

    Lending Club for a down payment?

    REAL ESTATE 
    Hey all! I have one rental under my belt, and I'm generating a decent profit (25k down + minor fixes. $250 profit a month), and I want to expand. So, I'm a wee greedy when it comes to things. If an investor wants to invest, and be paid back, that's fine, but most investors I've spoken with...
  2. scine

    Update On My Plan!

    REAL ESTATE 
    Hey guys! Long time no speak! Well, the place that I bought about a year and a half ago got a renter in it after 2 months of being on the market. His credit wasn't the greatest, wasn't horrible, so I decided to take a chance on him. My management company has taken over everything and done an...
  3. scine

    Question About Second Rental

    REAL ESTATE 
    Hey all! Well, many of you remember me from my asking about rentals over the past few years, and I've got one solidly under my belt with a good tenant. Basics of the deal: $110,000 purchase price. Home was built in 2002, and is in GREAT shape. (Appraised in October at $139,000) $22,000...
  4. scine

    Well, I finally did it!

    REAL ESTATE 
    Hey guys! So after literally YEARS of trying to figure out what to do, I finally bought my first rental. 1,400sq ft., 3 bedroom, 2 bath, built in 2002. It was a short sale and I put my bid in in late April. I closed just before Halloween. They had it listed for $139k, and I ended up...
  5. scine

    Financing and owning many properties

    REAL ESTATE 
    Hello all, So I've finally gotten around to investing in my first rental property and all is going well. However, I have a few questions about financing and hoped some people on here would be able to help out. So, according to just about every lender out there, banks will only count 75% of...
  6. scine

    I'm Back!

    Hey guys! After a long, LONG hiatus, I am finally able to get back on track with my posting on here. A bit of an update, I got divorced, which of course, sidetracked my plans for purchasing an apartment building for a bit. I kept the house, which meant that money was snug for a long time...
  7. scine

    Update On Me

    All, Ok, so after some soul searching and not finding what I need, I decided to just open up a regular interest bearing checking account with my $13k check that I got as a settlement for my car accident. (Long story) Anyway, I was surprised to find out that if I met certain criteria such as...
  8. scine

    Is it possible to go TOO fast? Want to buy 36 unit apt

    REAL ESTATE 
    Hello, I posted about my original plan to buy a small 2-4 unit duplex/quad and some people had suggested that I accelerate my plan. So, I got to thinking: Is it a bad idea to start out a LOT higher? In other words, I found a 36 unit apartment building for $2.3 million, and I'm thinking about...
  9. scine

    Properly Introducing Myself

    Hello all! I forget exactly how I came to this site, but I've been coming on here for a few months now, picking up tidbits and reading about others experiences. I'm 34, work as a Network Administrator at a non-profit in Portland, Or. I make a pretty good living and my wife does as well...
  10. scine

    How Often Do You Raise Rents?

    FTE REAL ESTATE 
    Hello all, I am doing a LOT of research on purchasing a small apartment complex (2-4 unit) and one of the questions that I have wanted to know, but haven't heard a definitive answer to, is how often do you raise rents and generally by how much? Obviously, I want to get the most out of whatever...

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