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3 April 2024 | 10 replies
If you wanted to refinance the raw land maybe you can get 50% of current as is value not what it will be when completed.So that's three loans at lets guess $15000 X 3 = $45000 plus interest reserve and carry cost.
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3 April 2024 | 7 replies
But carrying on like I said I would have about 10-20k depending on closing costs in reserves and have another bank account with back up back up but I really do not want to touch that, with that being still said I am not adding to capex, maintenance, or vacancy every month even though I probably should.
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3 April 2024 | 6 replies
If these repairs are left to the tenants and they fail to carry them out, it could potentially lead to a decrease in your property’s value.Here are a few:Structural Repairs: This includes repairs to the walls, roof, and foundation of the property.Plumbing: Any issues with the property’s plumbing system, such as leaks or blockages, are usually the landlord’s responsibility.Electrical Systems: This includes wiring, circuit breakers, and outlets.
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2 April 2024 | 18 replies
I will be able to carry forward the lessons and tools way beyond my initial commitment.
1 April 2024 | 4 replies
The property I've set my sights on is a 9-plex where the owners are willing to carry 70% of the loan at a 5.5% rate for a $1,800,000 building.
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2 April 2024 | 12 replies
I putup all of the money to fund the job and he is all sweat equity, carrying costs of his GC business, and materials here there that he pays for.
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1 April 2024 | 5 replies
I hope that there's enough meat on the bone for you in the deal when the 2 years is up after all of your carrying costs.
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1 April 2024 | 7 replies
If you're dead set against a refi there are investment HELOC and HELOAN options, but they carry a higher risk and therefore a higher rate being in second position (likely in the neighborhood of 11%+).
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31 March 2024 | 1 reply
Dear All,I have a question on my two rental properties: One property has a profit this year ($2k profit, but carry over loss is $30K); The other property is a loss ($4k loss, carry over loss is roughly $25K).
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31 March 2024 | 3 replies
They had a slightly off size that we were looking for that no one else carried.