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23 January 2025 | 3 replies
I have two options 6.625% 30 year or 6.15% 15 yearI want to invest aggressively in the near future on more propertiesThe loan is only $110k and the monthly payment for 15 year is $563 and $750I will earn 2-3k a month in gross rental revenueThe property is in a declining population areaRecently rennovated, and all major things were relatively recently improved such as plumbing, the roof, a/c, electric, etc.Will require a lot of management as it is rent by the room so I may switch to a normal rental after 10 yearsI'm trying to find what will mathematically net me the most money in the long run.
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22 January 2025 | 8 replies
For my money, I'd look there and let the market bring you up.
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23 January 2025 | 5 replies
@Sung Yu the above posts are right on the money.
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20 January 2025 | 7 replies
That will determine if you could sell it and use the money to buy a single family home or would need to take out a mortgage.
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22 January 2025 | 7 replies
Normally, companies keep changing their name after losing all investor’s money.
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4 February 2025 | 17 replies
It can be only for the reason that you got your money working for you instead of the other way around.
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23 January 2025 | 15 replies
Deal 1: 4 Plex (it's stripped down to studs, a guy ran out of money on the rehab)Purchase price 160k, Rehab 80k, Total all in: 240kExpected Rent: $4,000/month to $4,400/month depending on how quickly we want to rent the units out.
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1 February 2025 | 23 replies
Suggest you pester them with questions to learn the eviction process, so you can save money in the future.
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28 January 2025 | 12 replies
Spend your time and money learning how to avoid that kind of situation rather than learning from on the job training.
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20 January 2025 | 3 replies
Interesting idea, but I suspect that would create more problems than it is worth.Most of the leverage you have with a NNN lease is that you are working with a company, presumably one that makes money.