
23 August 2024 | 181 replies
Closing and fixing a house def takes up more then the remaining 1/2 a job even as I do hire out as much to contractors.

18 August 2024 | 3 replies
As far as I know whatever the rent is for that unit will remain the same and small increases of 1% or so a year are common.

19 August 2024 | 7 replies
Reason I say "NO" to any Heloc if its for a Down payment or over $150K is because Heloc rates will remain higher and the terms are always under 30 years versus a mortgage.
20 August 2024 | 16 replies
Yes, the chain of title remains intact since you are the owner of the LLC.• How much will the appraisal cost and how do I get started?

20 August 2024 | 32 replies
Meridianville (10 north of downtown Huntsville), Decatur (25 miles southwest of town), or Athens (30 miles west of town) will have plenty of B/B+ properties under $250,000.Given that cash flow is your primary goal, these areas outside of Huntsville may be a better fit for you anyway—rent-to-price ratios are definitely more favorable outside the city limits than within them.Still, Meridianville, Athens, and Decatur remain close enough to Huntsville to share in the area’s growth which, in my opinion, bodes well for long-term appreciation.

16 August 2024 | 2 replies
Prices and rents continue to increase steadily.Sales - $/SqFt by Month(Click to enlarge.)The median sales $/SF was up 9% YoY and 6.7% YTD.Rentals - $/SqFt by MonthRents rose 4.3% YoY and 6% YTD.The Market Remains HotFollowing the rapid inventory decline starting in Q1, the number of days on the market for sales remained below 17 and for rentals below 19, indicating strong demand for both.Sales - List to Contract Days by MonthRentals - List to Contract Days by MonthRental trends tend to follow sales.

17 August 2024 | 3 replies
So In SIMPLE terms; you are stating that REGARDLESS of whether the FULL $60K in funds paid to the Seller for the OPTION to buy the home at $300K is APPLIED towards that $300K "Strike Price" reducing the remaining amount due to them to $240K OR if only $30K of the $60K in funds paid to the Seller is APPLIED reducing the the remaining amount due to them to $270K - the Tax Treatment for THEM (the seller) is the SAME on the $60K paid for the OPTION ?

17 August 2024 | 1 reply
You can spend the remaining funds on other improvements and write them off as business expenses.

16 August 2024 | 4 replies
Personally, I have no issues making the full monthly payments from the start, so it seems unnecessary to pay the buydown payment just to have lower payments in the first two years.Additionally, my lender said that if I refinance before the 2-year period is over, the remaining buydown payment would be applied to the principal.

20 August 2024 | 81 replies
@Jay Hinrichsright - but she did say "the renter wasn't paying high enough rent to cover Kiavi's requirements"so i remain confused.before BK or FC, i think worth (1) talking to an attorney to see what she signed with Kiavi, and (2) calling another lender (or better yet, 10) and seeing what's availablea few hundred for an attorney and $500-1000 for an appraisal - painful to keep spending but i think worth itstill missing info here