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2 December 2024 | 10 replies
You can find all that at various price points, not just higher end.
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3 December 2024 | 7 replies
But 3) Try multifamily specific brokers, crexi and loopnet, although 2-4 units maybe scarce. 4) A home equity line of credit is a good source of funds however it will generally make your overall monthly payments higher, so unless a deal is very solidly cashflowing, a HELOC may put you into negative cashflow. 7) Typically electric/gas are paid by the tenant - however this isn't true across the board.
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3 December 2024 | 15 replies
The rate is higher on a second mortgage.
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17 December 2024 | 36 replies
Its taken longer but net profit is much higher than I anticipated in beginning..
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4 December 2024 | 31 replies
If you want to own a rental, buy one thats a 10 cap or higher with 20% down through commercial financing with a big bank.
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3 December 2024 | 0 replies
Interestingly, right after accepting that offer, another buyer reached out with an even higher bid.
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4 December 2024 | 6 replies
Might make sense to have a in depth conversation with a Banker to run the numbers on a Fannie Mae 5% down versus an FHA 3.5% with the higher MIP.
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5 December 2024 | 15 replies
They’re more open to working with you on the loan structure, but as a smaller funder, their rates might be slightly higher compared to others.New Silver: Great for scaling quickly with tech-driven solutions.
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2 December 2024 | 1 reply
Over the whole year we have had higher listings than the previous year (the last several years have had lower and lower inventory each year).
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2 December 2024 | 10 replies
If you are a new investor they will still will work with you but due to being new you will pay a higher interest rate and more points than an experienced investor.