
14 January 2025 | 2 replies
My name is Zach Langley, and I’m a licensed realtor based in Dallas, TX.

19 January 2025 | 41 replies
@Stephanie Menard, a few comments based on my own experience.1.

25 January 2025 | 14 replies
"^ Do you feel like income you make on the units is based more off of square footage or location rather than add-ons you made for you while living there?

27 January 2025 | 35 replies
But dubai is a city full of opportunities so dont base your decision purely on my thoughts.good luck with your decision

12 January 2025 | 10 replies
Nightly rates and estimated revenue based on all the other units in the area?

14 January 2025 | 1 reply
In the meantime I would touch base with lenders and get the financing squared away.

17 January 2025 | 7 replies
If the work needs updates, that’s where it can add up, but $30K sounds like a reasonable cushion based on what you’re describing.It sounds like a solid deal, especially if the cash flow is good.

15 January 2025 | 10 replies
If that's the case, you should be able to rate/term refinance at ~75% LTV with a DSCR loan, and with some interest-only basis, your payment will go to ~$850 (based on ROUGH pricing TODAY).

13 January 2025 | 2 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?

17 January 2025 | 23 replies
If the answer to the last question is yes, I think it'll be a hard choice.I see a reasonable appreciation rate for underwriting at about 6% based on neighborhood scout, so nominally I think you'll make 10-11% if you had paid cash which means I think you'll do quite well holding on (20% returns or so).