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23 January 2025 | 1 reply
Having a real estate license, I would credit the commission payed out I would receive for being my own agent towards closing costs for the new property.
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30 January 2025 | 13 replies
I don't think you will find it, but if you do, it'll cost ya.It sounds like an amazing house hack if you can move your life around to make it your primary (and the financing will get MUCH easier).
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16 January 2025 | 3 replies
Id keep looking if it was not an approved short sale ( even an approved short sale takes a very very long time and theres no guarantee that you will even close on the house after months of waiting). q1)There are plenty of non traditional lenders that could offer you construction financing if the numbers make sense but it will cost you with points and a higher rate.
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26 January 2025 | 3 replies
Cost to Rent vs Own and Return to Work PoliciesThis can mostly be attributed to the massive increase in home prices, particularly from 2010 to today, making people opt to rent for longer, especially today in the elevated rate and home price environment making renting the substantially cheaper option, on top of historically low inventory to choose from.
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21 January 2025 | 31 replies
Finding a good account and bookkeeper wasn't difficult and using online registered agents was way more cost effective.
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15 January 2025 | 11 replies
We got started, but they hired an appraiser and charged me $750, while typically appraisal costs around $500.
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24 January 2025 | 17 replies
Happy to help should you need any cost segregation advice.Cheers
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24 January 2025 | 11 replies
For those curious about the numbers:Purchase Price: $95,000Renovation Costs: ~$4,000ARV: ~$140,000Expected Rent: ~$1,500Thank you again for being an incredible resource.
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23 January 2025 | 6 replies
I'd have to see your overall layouts but I think you are on the right track. we build 3 story stacked triplexes and it's very efficient so don't be afraid to go up either. anytime you build more than 1 structure costs are much higher but if its just to offset mortgage and you want to be separate then I understand.
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15 January 2025 | 29 replies
I would include servicing costs of the loan and licensing costs.