Investment Info:

Small multi-family (2-4 units) buy & hold investment in Miami.

Purchase price: $415,000

Cash invested: $90,000

MY FIRST RENTAL PROPERTY !! BEAUTIFUL DUPLEX IN THE HEART OF MIAMI ...

He did try to work with me by extending my time from 6 month to a year which led me to ask him question about his turnover rate and success rate of his mentee.

I bought an outdated condo, planning to do a cosmetic rehab later when I had more budget.I moved out of the condo in mid-2024 for a job, and by September, my tenant noticed mice droppings.

Account Closed if you do a seller finance you could get a lower interest rate from HO then you can get at the bank.

Refinancing will change your mortgage rate, and if it’s worse than your current rate, it’s not worth it unless you’re getting a great deal.

That being said, with interest rates being higher now, I may not be able to find a turnkey property that makes financial sense.  

Hey BP family, I'm currently trying to help out a family in need from having to foreclose on there property by taking over subject to, it has a high interest rate although the entry is around 20k I want to wholesale this ultimately Is it possible for me, to disregard my initial assignment fee to get a buyer asap and add a 2nd lien on the property as my fee? 

There are always other options-hard money lenders, private lenders; but they are riskier and will likely have higher rates.

Plus I recently got a brand new calculator, wanted to see what out of state investors though the most important aspects of deciding between to similar rates cap rates in 2 varied size apartment. 

Quote from @Pat Aboukhaled: Curious.. do you think a flat rate for the whole season feels more convenient, or would you rather pay per snowfall to avoid paying for a mild winter?