13 December 2024 | 15 replies
@Carter MayberryRefinancing your FHA loan into a commercial loan and transferring the property to your LLC is a solid strategy, but here are a few points to keep in mind:FHA typically requires a one-year ownership seasoning period before refinancing is permitted.
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19 December 2024 | 37 replies
Cannot comment as never done business with this person but if someone needs to change their number and email addresses, there are typically reasons why.
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13 December 2024 | 7 replies
To estimate closing costs and monthly expenses for a multifamily property, closing costs in New York typically range from 3-6% of the purchase price.
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12 December 2024 | 37 replies
Typically 25% down, 30-year amortization, on a 10-year term.Tougher market these days, but they're out there.
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10 December 2024 | 6 replies
Typically I set up a zoom call so I can show a map and where the good investment pockets are in AZ and why.
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13 December 2024 | 9 replies
It’s always smart to do your homework and make sure the provider’s model aligns with what you’re looking for.As for fees, management companies typically charge 8-10% of the monthly rent.
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15 December 2024 | 13 replies
I'm just more familiar with people quoting gross rents and typically assume the cleaning fees are being paid by guests.
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9 December 2024 | 24 replies
Hard Money typically funds 90% of the purchase price and 100% of the rehab on a draw schedule.
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18 December 2024 | 15 replies
Property owners get an annual update on their SEV & Taxable Values with their city property tax bill, typically sent in December.So now, the city assessor tracks the SEV, but homeowners are taxed based upon the capped Taxable Value.
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12 December 2024 | 7 replies
Consolidating CC typically is a net positive, when we come across that there are a few ways to leverage equity in your home to do that so you can save monthly and get the balance down faster.