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Results (10,000+)
Luke Hamlin Equity/Financing an Investment Property
29 January 2025 | 3 replies
In short, I can afford the additional $1100/mo cost of a second house, even until I rent it out.I have around $35K in HYSA and emergency funds that I could use for a down payment, but that's less than 20% which would be required for a conventional loan, assuming full purchase price.
Wade Wisner Help with Note/DOT investing
28 January 2025 | 14 replies
We would all love to have that note that has 5 years of perfect payments, 800+ credit score and a 20-25% down payment
Esther Iroko Tenants not paying rent
29 January 2025 | 20 replies
Wanting to evict them are a tenant is late for a week or waiting months of non-payment to start the eviction process.
Alan Asriants Why BRRRR is not an effective strategy today...
29 January 2025 | 43 replies
Even at that price point, you may struggle to find a tenant, potentially leaving the property vacant for months.Here’s an example of a deal I’m currently working on:Purchase Price: $215,000Rehab Costs: ~$250,000ARV: ~$615,000Potential Rent: $3,600/monthUsing a $615,000 ARV and 75% LTV on the cash out refinance, with taxes and insurance, my monthly payment would be $4,267 using an 8.5% rate.
Ryan Mcpherson Rent out house and bleed for a while or sell it and hemorrhage once?
16 January 2025 | 23 replies
Best practice is to keep one or two payments in reserve from the buyers down payment for such instances.
Dylan Fraembs New Investor in Providence – Looking to Connect and Learn from Local Experts
31 January 2025 | 4 replies
If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.
Jordyn Ohs Best way to pay down or off a Heloc
16 January 2025 | 2 replies
If you have extra cash at the end of the month, then do double up payments on the mortgages so the principle is reduced and this will increase your heloc room.
Brian Chadwick Selling one home to get three - smart or stupid?
21 January 2025 | 20 replies
I’m a fan of harvesting the equity to buy more and more cash flowing properties with zero out of pocket cash for down payments.
Jonathan Snider LLPAs for Vacation Home Loans
28 January 2025 | 8 replies
@Jonathan SniderFannie and Freddie do have LLPA's and the lower the down payment, the higher the cost.
Thanh Lu How to screen guests who book directly instead of Airbnb, VRBO, etc
15 January 2025 | 12 replies
I do direct booking through the Houfy website, taking credit card payment by Square.