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29 January 2025 | 10 replies
There are quite a number of things that can make utilizing an FHA loan more difficult such as more barriers during appraisal, appearance of low qualification/little cash, typically longer closing period, likely higher interest rate, and PMI cannot be dropped without a refinance if 3.5% down.That said, just chain 5% down conventional loans, and make sure your duplexes pay for themselves.
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24 January 2025 | 16 replies
Additionally, a pro-rated portion of tax is due if you sell with debtOr dent is on the priority for the year prior.
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16 January 2025 | 6 replies
Increase the occupancy rate to 80% or higher over the next 12 monthsto increase the value.
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25 January 2025 | 12 replies
Personally I would want to manage the rental myself at least in the beginning to make sure you get good ratings.
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16 January 2025 | 10 replies
This year is slower than normal because mortgage rates and home prices are so high.
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15 January 2025 | 18 replies
Although 3.1% is a great interest rate I tend to not get too caught up in keeping a property just because the rate is good.
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21 January 2025 | 4 replies
Fort Lauderdale has higher purchase prices and nightly rates, but Pompano has had an influx of investment and continues to improve, specifically by the beach.
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18 January 2025 | 3 replies
Promises near 30% ROIs in RADD and above market rates for REIT?