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17 December 2024 | 0 replies
When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.
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16 December 2024 | 7 replies
Our newspaper noted they had invested over $1b in the area, but I think that covered 2 mega sites.
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21 December 2024 | 10 replies
That would be a debt service cover ratio of 1.5.
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18 December 2024 | 5 replies
If we wait and buy in 26 she would move in and let others rent with her and hopefully cover the mortgage. rent is super expensive there!.
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20 December 2024 | 6 replies
However, I'm hesitant because the rent wouldn't cover the new mortgage, putting me net negative monthly.
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19 December 2024 | 24 replies
The description and pictures are excellent marketing.
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17 December 2024 | 19 replies
Liked the location and was curious why the property had no interior pictures.
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20 December 2024 | 6 replies
Hello everyone, I purchased my home two years ago, and currently, I have a tenant renting a room for $800, which helps cover my mortgage.
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19 December 2024 | 82 replies
We live in this nice house because I'm covering some of the mortgage expense with the income from the house hack.
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19 December 2024 | 6 replies
With that said, here are some questions I would ask myself about the situation: Historically, have the students paid enough in the 9 months to cover all the expenses associated with these properties?