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16 January 2025 | 2 replies
As a beginner investor based in the Seattle metro area, I'm eager to learn from your experiences and share my journey as I get started in this field.My current strategy is to focus on live-and-flip for the first three deals (looking for my second deal) to gain hands-on experience while building equity and learning the ins and outs of renovation and the local market.
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21 January 2025 | 8 replies
Based off the general home inspection report you'll be able to see if you need to get an electrician etc out there.
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19 January 2025 | 6 replies
Plus, you get huge appreciation here based on how many companies are moving and developing here!
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15 January 2025 | 24 replies
Look at median household incomes, look at market economy base and diversification, look at what's being done to protect and grow economic performance, just run the #'s and the message should be crystal clear.
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13 January 2025 | 1 reply
Don't put a high list price based on what you want, needs to be based on solds
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17 January 2025 | 7 replies
The buyers did a long inspection, multiple days... made a huge request for concessions based on what we knew to be purely made-up issues.
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16 January 2025 | 0 replies
Remaining Balance: After the balloon payment, the remaining loan balance will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Payment TermsInitial Loan Terms (First 24 Months):The monthly payment for the first 24 months is based on a 12-year amortization schedule:Monthly Payment for First 24 Months: $1,573.39Remaining Balance at Month 24 (Prior to Balloon Payment):The balance after 24 months can be calculated using the amortization formula:Remaining Balance at Month 24: $157,113.92Balloon Payment:The balloon payment will be 50% of the remaining balance at Month 24:Balloon Payment Due at Month 24: $78,556.96Re-Amortization of Remaining Balance (After Balloon Payment):The remaining balance after the balloon payment will be:This amount will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Monthly Payment for Final 60 Months: $1,541.18Summary of Key Terms:• Purchase Price: $215,000• Down Payment: $43,000• Loan Amount: $172,000• Interest Rate: 6.5% (fixed)Initial Terms (First 24 Months):• Monthly Payment: $1,573.39• Balloon Payment Due at Month 24: $78,556.96Re-Amortized Terms (Final 60 Months):• Remaining Balance: $78,556.96• Monthly Payment: $1,541.18Additional Conditions:1.
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21 January 2025 | 14 replies
While I have grown my client base to a respectable number, I've struggled to gain consistent traction with realtors and property managers.
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21 January 2025 | 27 replies
Based on what you have explained here and assuming that all of it is true, than you really only have two options to get it rented1.
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19 January 2025 | 10 replies
Based on the CU's loan calculator, we can finance that over 60 months for a $320 payment.