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13 January 2025 | 25 replies
I did have a relative living there and my wife went to school there so I had some familiarity with the city.
16 January 2025 | 1 reply
The mortgage is $1800/ month, but I am looking to refi and pull cash out to finish the ADU and lower my interest rate by 1-1.5 points.Lessons learned?
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26 January 2025 | 12 replies
I’d rate this as a 3 out of 10 in terms of the best time to sell—it’s not the worst, but it’s not ideal either.Hope this helps!
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12 January 2025 | 8 replies
ConsiderationsCrime Rates: Some parts of Albuquerque have historically struggled with higher crime rates.
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13 January 2025 | 12 replies
Prices have increased (higher terms/rates) as the fed rate has gone up so you have seen people who could get 8 or 9% now in double digits.
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22 January 2025 | 10 replies
Rentals also build equity through tenant payments and appreciation, with profits taxed at lower long-term capital gains rates when sold.
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13 January 2025 | 14 replies
Also, you could consider buying something with "hard money"; this comes at a higher interest rate, but you might be able to get into a property and either flip it or refinance it.
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10 January 2025 | 11 replies
Also, she's my elementary school teacher and I know her well and I'm the agent.
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16 January 2025 | 1 reply
For full time management rates can range from 20-30% of gross revenue depending on the level of services provided.
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3 January 2025 | 19 replies
I probably wouldn't want to use a DSCR loan then, because my interest rate on the multi-family is much lower than the current rates.