Felicia Jenkins
House rent or not outside Atlanta
21 January 2025 | 15 replies
This could lower your resale value.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
19 January 2025 | 8 replies
I would negotiate a price point that is lower - maybe the 10-12% range above "market".
Bryce Allen
My First Commercial MF and Commercial Loan
9 January 2025 | 2 replies
While I could have gone lower I am lowering my risk tolerance because I expect a recession in late 2019 to 2020.
Nick Am
Setting up a management S-corp for managing rental property owned by an LLC
23 January 2025 | 16 replies
This active income can help me fund my retirement as well as help me get reimbursement for home office and health care premium while lower my tax liability.
Anderson S.
Breaking Through Financing Hurdles with Expert Mortgage Brokers
22 January 2025 | 0 replies
Unlike banks, which offer limited loan options, brokers have access to a wide network of lenders, including niche and non-traditional financing sources.Here’s what they do:Assess your financial situation to determine your borrowing power.Compare multiple loan products to find the most favorable terms.Negotiate rates and terms with lenders on your behalf.Guide you through the application process, ensuring you meet all requirements.Example: Suppose you have a lower credit score or unconventional income sources.
Adam Newman
10% down or 20% down???
23 January 2025 | 10 replies
Or if you want a lower monthly payment, then do the 20% down.You can also negotiate credits with the sellers to use towards your closing costs or rate buy down.
William Taylor
[Calc Review] Help me analyze this duplex in Michigan - are these numbers correct?
12 January 2025 | 12 replies
page=LoadVirtualDoc&BookmarkID=6536) that capped annual increases to the Taxable Value of a property to the lower of 5% or Michigan's Cost of Living increase.
Juan Perez
Turning a Primary Residence into a Rental
28 January 2025 | 4 replies
if there is appreciation, but you wouldn’t sell your current home tax free and buy a neighboring home to rent out, (There by raising your cost basis for additional depreciation and lower capital gains tax.) then it probably doesn’t make a good rental property. .
Abhishek Wahi
Question About Location: Plymouth Michigan
23 January 2025 | 4 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Aristotle Kumpis
Is it possible to buy with no money out of pocket?
27 January 2025 | 9 replies
I paid about $1500 in closing costs between title, appraisal, etc, but the original loan was wiped out in favor of a new lower rate.