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26 December 2024 | 3 replies
Yes, the BRRRR method can work with multifamily properties, and many investors have done it successfully.
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16 January 2025 | 0 replies
We refinanced and cashed out all our renovation budget plus $5,000 and actually kept monthly payment the same as rates had dropped.
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13 January 2025 | 11 replies
If tenant below is paying 1,500/m he's living in area he wants for roughly 750/m P/I payment.
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15 January 2025 | 2 replies
Start working towards a 5% down payment so you can house hack a MFH.
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16 January 2025 | 20 replies
To me, having one mortgage payment for 2 - 4 houses (basically) always seemed interesting and like something that would give me more bang for my buck.
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23 January 2025 | 14 replies
This will be helpful for hosts who have already set up their payments with Alachua County.Despite the oversupply, I still feel there are plenty of opportunities in Gainesville, both for STRs and LTRs.If you’re a current or aspiring real estate investor in Gainesville, feel free to share your thoughts, opinions, and stories.
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15 January 2025 | 6 replies
Most lenders I work with would lend you 70%-75% of the value of the property, but only so much that your NOI/profit is 20%-25% of the monthly loan payment.
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16 January 2025 | 1 reply
Payments $492 (interest, tax, insurance) currently owe $51K.
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28 January 2025 | 15 replies
Terms such as interest rates and payment schedules are typically negotiable.Combining creative financing with seller financing can include strategies like:Subject-to and Seller Financing: Taking over the seller's mortgage and financing the equity portion through the seller.Lease Option: Renting with an option to buy while negotiating seller financing for part of the purchase.Wraparound Mortgage: Keeping the seller's existing loan while they finance a new loan that includes the balance.To proceed, consider connecting with experienced investors, understanding local legal implications, and attending networking events to gather insights.
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27 January 2025 | 35 replies
Unlike investing in random properties, their methodical approach ensures that each investment is strategically placed for the best potential.