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23 January 2025 | 10 replies
My guess is that you will pay less per month with multifamily than a single family. 7.
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22 January 2025 | 13 replies
But this was an awesome opportunity for me because this is my first living situation where I will be on my own (and getting used to paying a rent/mortgage) but this will put my overall mortgage on a 400k house at roughly $2000 a month for the first year!
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24 January 2025 | 13 replies
Never pay an upfront fee.You didn’t mention your state but understand that with little exception, an NMLS registration is only required for consumer-purpose loans.
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27 January 2025 | 29 replies
( i have owned 3 brokerages over the years and will stand behind those numbers).in the RE training space my thoughts are :5 to 10% of folks that pay for training do anything with it.
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25 January 2025 | 3 replies
You’d need to check the local laws to see what counts.Tenant Violations: If they’re breaking lease terms—like not paying rent or subletting—you might have grounds to evict.
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24 January 2025 | 5 replies
Remember, in this model, you are planning on holding on to these properties as rentals so pay now in quality, or pay later in headaches and repair costs.
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21 January 2025 | 20 replies
Less licensees paying into the pot means everyone's costs go up.
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29 January 2025 | 8 replies
If you own this as a rental then there is not homestead exemption and you'll pay much higher tax rate than a resident/owner occupant in SC.
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10 February 2025 | 10 replies
For a 30 year Conventional loan, I'm at 6.5% rate (6.808% APR) for a duplex, 95% LTV, 780+ FICO, owner occupant.And I'm assuming they're paying $2k of your closing costs - not your down payment.
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27 January 2025 | 35 replies
Often times you will pay much more in taxes than if you pulled the money out, paid the taxes and penalty and then started investing in real estate.For example, with the financing you mentioned, the IRA must pay taxes on the portion of the profit earned by financing.