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20 March 2024 | 193 replies
Still nothing.So here's my question(s), would it be wrong of me to call ABA and request a different advisor, or is this advisor's etiquette indicative of the entire company?
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16 March 2024 | 9 replies
That's also a good indicator of demand.
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19 March 2024 | 323 replies
A quick analysis tells me that if the following assumptions are true:- You're buying a house for $140K - That generates $1250/month in rent - Assuming you're self-managing with 40% expense/vacancy/capex ratio- And getting a 10 year fully amortized loan at 5% interest If you put 20% down you'll be losing about $450/month.If you put the full $60K down, you're still losing about $100/month.If you were able to pay for the entire thing with cash, you'd only be generating about 6.4% annualized return on your investment.Unless you're in a position to lose money every month, this doesn't sound like a very good deal, and certainly not a good idea to do this with a 10 year loan.Also note that if your calculations indicated that you'd be cash flow positive on this deal, then I'm guessing that you're under-estimating your expenses, under-estimating your vacancy or ignoring capital expenses.
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17 March 2024 | 29 replies
Keep a keen eye on economic indicators, employment rates, and local development plans to gauge the overall health of the market.Maintenance Costs Can Sneak Up On You: It is easy to factor in property taxes, insurance, and regular maintenance, but unexpected repair costs can throw a wrench into your financial plans.
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16 March 2024 | 6 replies
Home prices remaining elevated despite rapid interest rate spikes is a very good indicator for how out of balance the market currently is.
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15 March 2024 | 2 replies
Look at trends in property values, rental demand, vacancy rates, and economic indicators to assess which market aligns better with your investment objectives.Risk management: Determine how much risk is involved in each choice.
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14 March 2024 | 2 replies
Articles/websites/podcasts/etc. with news about commercial and housing developments, anything that will give me an indication of what areas will continue to grow.
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15 March 2024 | 21 replies
You indicated you spoke to an attorney.
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15 March 2024 | 31 replies
With that much money, and asking that broad of a question indicates to me that he could possibly get so much other bad advice.
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14 March 2024 | 0 replies
-Ideally list early in the week and during a weekend-Monitor economic indicators and interest rates.Marketing Strategy:-Develop a comprehensive online and traditional marketing strategy to get your listing in front of the most buyers.