10 December 2024 | 2 replies
Most people make the mistake on putting to much moey down or use "All cash" and then need to pull it out later at a higher rate.
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10 December 2024 | 25 replies
So there are distinct rules for North Vegas, City of LV, Clark County and Henderson.No homes for sale in Henderson either-there you can have up to 5 homes per person, no bedroom limit,no need to occupy.
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17 December 2024 | 16 replies
While this amount of evictions seems higher than normal, even for a rough area, in general low end areas = fewer qualified tenants = more tenant fraud and more consistent evictions.
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10 December 2024 | 6 replies
The first year was tight because of higher interets rates, but his tenants effectively covered about 70% of his living costs.
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9 December 2024 | 5 replies
What are some pros that I can highlight from the seller’s perspective.Here are a few that I’ve come up with:1) monthly income at a higher interest rate;2) avoiding a larger tax bill by reducing the purchase price (on paper);3) a promissory note that they could potentially sell down the road.Any other major ones I am missing?
10 December 2024 | 13 replies
32k or even 42k on a half million dollar house doesn't sound all that good.What's your projected cash flow after all your expenses including a likely higher mortgage payment than the current owners?
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9 December 2024 | 15 replies
Most lenders I've polled recently only go up to 70% on a refi and only a few will go to 75% and their rates are higher.
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13 December 2024 | 9 replies
(They both shrink your pool or buyers and combining them really shrinks the pool.)Assuming you don’t plan to do a 1031 exchange you’ll also pay higher taxes if you can’t spread them over two calendar years, but not much.
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12 December 2024 | 9 replies
By leveraging real estate in areas with lower entry points and higher returns, you can grow your wealth more effectively without the heavy financial burden of a luxury home.
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13 December 2024 | 10 replies
If your DTI is already high, taking on a higher loan amount might not work.