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5 September 2024 | 19 replies
For instance, if you tell me the entire $100K is going to be needed in 2 years to be the down payment on your primary residence", I'm going to advise a different investment type than if you tell me "the money only needs to return me an annualized 8% gain, I don't need the money for at least a decade, and I want zero management or oversight."
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5 September 2024 | 35 replies
That said, I wouldn't advise someone to get into the game if the goal is short term cash flow unless they were super savvy.
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3 September 2024 | 23 replies
I would advise you to possibly consider a different PM due to the glaring issues Evolve has...lots of work for the homeowner, property revenue continuing to drop as time goes on, low rating reviews for most areas, and besides marketing for new clients, their marketing on properties is no good.
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3 September 2024 | 15 replies
If you have a property in any of the cities, please advise the property management company you are using and how much fees are they charging monthly?
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2 September 2024 | 24 replies
We've been reading a few Real Estate Investing books and hoping to get some advises/guidance here.About us:- In our early 40's, primary residence is a SFH we purchased for 750K with 20% down, now value at 1.25 million, with mortgage balance of 425K (refinance to 15 years fixed 1.99% in September 2021).
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4 September 2024 | 28 replies
We also know how to protect foreing investors when buying in Mexico, we advise to work with an ESCROW to protect both sides buyer and seller.
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1 September 2024 | 10 replies
I am looking to buy again in the next six months.Here’s the situation:I own a home in San Diego, currently worth about $1.05 million once the ADU is built.I owe $680k on the mortgage at 4.25%, with monthly payments around $5,500.The property generates $7,500 in monthly income: $5,200 from the main house as a vacation rental and about $2,300 from the ADU as a mid-term rental.My broker is advising me to do a cash-out refinance and switch to a DSCR loan, then move the property into my LLC.I’m hesitant because current interest rates are around 8%, and I was originally considering a HELOC due to these high rates.Given the high rates, would you recommend sticking with the HELOC, or does the DSCR loan make more sense in the long run?
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29 August 2024 | 14 replies
Terms, covenants, conditions, easements, restrictions, reservations and other provisions, including provisions which provide for a private charge or assessment and also provide for an option to purchase, a right of first refusal, or the prior approval of a future purchaser or occupant, according to that specific Declaration of Condominium"ButThere is also ALTA 4.1 CONDOMINIUM--CURRENT ASSESSMENTS ENDORSEMENT which states: The Company insures against loss o rdamage sustained by the Insured by reason of: Any charges or assessments provided for in the State condominium statutes and condominium documents due and unpaid at the Date of Policy.Looking for advise on next steps.
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8 September 2024 | 168 replies
You jumped in and advised that she should also be looking at using the HELOC for future investments instead of just to pay down the balance.