All Forum Posts by: Aviv Berkovitch

Hi,

I'm planing to purchase my next property with mortgage. I'm considering two options:

- New property - cost $180K and the rent should be $1500/mo

- Old property (rent ready) - cost $130K and the rent should be $1300

The ROI of the old property is higher, but I'm worry because the chance that in the next 15 years I will need to sell it or invest a lot in rehab is higher compared to the new property. And due to the fact that in the first years of the 30 years mortgage more than half of the payments go to the rate payments. I won't build my equity a lot. And if I won't lose all this 15 years that I already paid, I will need to invest more in the old property.

What do you think should be the best strategy?

Thanks in advance

@David Hulit

Hi, I started to fill the application. One of the fields I should provide is ”Lost rents due to the disaster ”

I still don't know exactly what will be the lost. Should I write there an estimation?

Thanks

Aviv

What will you do if you won't get April rent?

@Kevin Romines

Thanks. Very helpful!

Hi,

What should be the average closing costs of a 100k mortgage from Fannie Mae or Freddie Mac (conventional mortgage)?

Thanks

Hi,

I'm in the process to take a mortgage (first time). I would like to get offers from a few lenders. Each of them want to run his own credit check. How will it influence my credit score if I will do a few credit checks at the same time? During one month.

Thanks

@Jaron Walling

Thanks for your answers. My properties also in Indianapolis.

Send me a DM I will give you my insurance agents details.

Hi,

I always try to figure out what is better higher or lower deductible for rental properties.

I have two offers:

One offer:

Deductible: $2,500 general issues and $5,000 for windstrom/hail damages.

Annual cost: $485

Second offer:

Deductible: $1,000 for any issue

Annual cost: $825

A few comments:

1. My properties are not new but they are in rent-ready condition.

2. I have 13 properties and all of them in the same city in Indiana.

What do you think will be better for the long term?

Thank you

Aviv

Hi,

I had a theft event in one of y property in Indianapolis. I need to purchase a new furnace, AC and hot water heater.

The property is 3bd 925 sqft property.

How do I know which item I need to purchase? Take in consideration the size of the property, etc

Thank you,

Aviv

I'm looking for buy and hold SFH's in Raleigh, NC area. What are the best neighborhoods to invest there?

Thanks and happy new year