Jacklyn Robins
Trouble renting units in Cincinnati
7 January 2025 | 24 replies
They will not change a street view which they choose from the address.
Cody Ford
How do you know when a house is too old?
6 January 2025 | 5 replies
Too many strategies to address on a post like this but I recommend you research all of the above.
Pierre Tran
Advice Needed: Options to Cash Out My Equity Without Disrupting a Seller Carry Deal
12 January 2025 | 1 reply
Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.
Sterling Pompey
Investing as a Travel Physical Therapist
9 January 2025 | 2 replies
You have to dig a little deeper there are questions that need to be addressed and VOE's filled out with specifics in order to use certain incomes and "stipends".Similar to a traveling nurse who get housing, meals, and other income.
Account Closed
L.A. Wildfires and Their Tax Implications for Affected Residents
9 January 2025 | 0 replies
Additionally, those forced to relocate due to the fires should update their address with the IRS to ensure they continue to receive relevant communications.
Drew Mullin
New Orleans fix and flip market?
8 January 2025 | 10 replies
I live in the city and have a freakish map of it in my head that my wife is still shocked by when she gives me an address ("2100 block of _______Ave.?"
Eyal Goren
Is Subto legal?
14 January 2025 | 23 replies
I guess the seller would like to address that in the agreement.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
13 January 2025 | 2 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
Pamela Rivas
Can foreigners buy Real Estate in Mexico? Legal process explained!
15 January 2025 | 1 reply
Only a few simple documents are required, including a valid passport, birth certificate, and proof of address.
Troy Smith
Refinance step of BRRR
13 January 2025 | 11 replies
If possible, meet the appraiser to provide your rehab details and comps.Also, out of curiosity, when did you purchase the property and when are you looking to refinance?