Frankie Paterno
Scale rentals or Build
7 January 2025 | 4 replies
If you use it as several down payments and use leverage you could be off to the races with many more Class B or C units that will still cash flow for you.
Roman Stefaniw
Arms length Mortgages/Private Lending
14 January 2025 | 15 replies
This is a self directed RRSP or TFSA account that allows you to lend your money out to people with the backing of their mortgage for a high interest rate. 1st, 2nd, 3rd mortgages, down payments, refinances, flipping or renovation money.
Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.
Bianca Rodrigues
Partial Seller Financing Question
15 January 2025 | 6 replies
I’ve done some research and have found that some banks will allow the seller finance portion from the seller to go towards the down payment of the loan, is that true?
James Tobin
New to Real Estate, looking to get into the market in 2025
15 January 2025 | 16 replies
Make that rent payment out to you and pick up a roommate.
Sara Holt
First timer getting creative??
12 January 2025 | 1 reply
The Heloc can also pose as a debt obstacle since its an open end mortgage a.k.a credit card.a mortgage is also set up over 30 years so it offers a lower rate and payment.
Chaliyah Penick
Taking over a mortgage for a relative in distress.
2 January 2025 | 6 replies
They have a balloon payment for the principal due in 10 years.
Maria Jeanette
Renter Profile - Assisted housing program - good or red flags?
3 January 2025 | 4 replies
The front end can sometimes be tedious to get approved by the local housing authority, but rent payments are always timely.
Jacob Campbell
First Rental Property - TurnKey Options
11 January 2025 | 2 replies
I'm looking to invest between $50k and $75k as the down payment.
Ankit Lodha
Cash-our Refinance - DSCR
8 January 2025 | 13 replies
I assume you currently have a residential mortgage that does not have a pre-payment penalty.