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22 January 2025 | 5 replies
high interest rates have hurt cash flow and long term rentals are still a great investment... they're just not going to throw off rental income in the first few years of ownership.
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21 January 2025 | 14 replies
Ultimately, putting more down will allow you to get a interest rate and lower mortgage payment over time.
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23 January 2025 | 3 replies
The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?
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23 January 2025 | 1 reply
You could bring less down and possibly have a lower interest rate since you will be living there.
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2 January 2025 | 7 replies
Trump doesn't control them, but he's going to try everything he can to bring mortgage rates down.
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18 January 2025 | 11 replies
Raising your credit score will get you far better rates personally as well as with private lenders for your LLC.
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22 January 2025 | 6 replies
25% is the going rate, high end 30%/35%
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29 January 2025 | 22 replies
Yes, I also feel hesitant about letting other tenants know that I am the property owner.I agree that targeting areas with good neighborhoods and higher class ratings is a safer choice.
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30 January 2025 | 19 replies
As you begin you REI journey here is a piece of advicecheck out this website for a great over view of a city https://www.areavibes.com/This website gives you a total livability score and you can see things like crime rate, housing, walking score and more.Best of luck!
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22 January 2025 | 1 reply
This could cost around $500 to $1,500 per unit, depending on the size and complexity of the project.Certifications: There may be additional costs for certifications (such as HERS ratings) or third-party testing to verify the energy efficiency of each unit.For a 90-unit project, you could be looking at costs in the range of:$45,000 to $135,000 for energy modeling and certification (depending on the cost per unit).For a 112-unit project, the costs would likely be:$56,000 to $168,000 for similar services.Tax Credit Calculation:If you meet the energy standards, you can claim up to $2,000 per unit.