All Forum Posts by: Keegan Darby

@Chris Seveney Can you share more on that? 

I’m leaning that way — it’s in Arizona City, AZ. 

Monthly rent would be ~$1,400/month

Hi BP - 

I’m seeking advice on a property I own. 

It’s a single family house that I bought for $160k. I put $20k into rehab and have had it listed for 50 days at $235k. 

Given the lack of activity / buyers in the market at this time with rates, would you reccomend holding and renting it until the market is better to sell in? 

I don’t have a loan on the property and hold it cash, but, if I sell it would lend the profits as hard money and earn 10%+. 

Hi BP, 

I have a property that I’ve been holding for 5 years. It’s on a 30-year mortgage with ~$130k remaining at a 5.25% interest rate. 

my monthly mortgage + expenses = 1,350/month and I bring in $2,800/month in rental income. Leaving me about a 10% ROE. 

I could sell the property and net $170k and then reinvest that and earn 9% interest annually via lending hard money. 

Given these numbers and solely financially speaking, should I sell or hold the property? I don’t need the cash, but would it make more sense to cash out on the equity and invest that? 

The area is class C and I don’t expect much appreciation. 

 Thank you. Installment sale is interesting. How might your structure that? 3 year balloon with what % interest rate? 

 I would lend it out via hard money, which I'm currently doing, at 10%. 

Hi All, 

I have a duplex in Arizona in which I’m in year 3/30 on my mortgage, which has a 4.75% fixed interest rate. 

My ROE is ~6%. I’m interested in selling the property, but would ideally be able to sell at a higher value if someone can either A) assume my mortgage or B) I structure owner financing or C) another idea I haven’t thought of. 

Recommendations on selling a property with a low interest rate to get the highest price? 

We have a rental property that is now vacant in a C-class area. 

Monthly mortgage amount is $780/month (PITI).

Market rent is $1,300/month. 

Loan amount left is $132,000.

If we list it, we can sell at $205k and assuming 8% closing / realtor / concession fees, the revenue would be $188k. 

So, after paying off the mortgage,  would net $58k (and wouldn't pay capital gains taxes as I have so many losses from previous years).

Would you sell it or keep holding it?

Hi @Bill B. - Thank you for your response. 

This one is a solar lease. What are the cons of this vs a solar loan? 

 Hi @Jon K. - buying cash