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12 August 2024 | 4 replies
Often times when reviewing a application I want to check previous rental history and ask applicant the name of previous landlord. i then usually check that with county tax records.
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12 August 2024 | 8 replies
But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less) *new siding 30k (just put on a new roof this year) *legal 10-15k *fire proofing 15k * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home *big grocery store put in 3min away * newly paved road in front of my house *a building that was falling down across the street has been torn down * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.
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12 August 2024 | 5 replies
Many of my clients in Avondale and areas along the blue line have seen the strongest growth. 2 years ago rehabbed 2/1s we got $1750 in Avondale this year we got $2100 with 10 applications same unit.
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12 August 2024 | 1 reply
- you can furnish fairly cheap (offer up, CL, buy nothing …, thrift or consignment stores, etc) but it take more effort and more calendar time.
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9 August 2024 | 5 replies
I got a rental application by a couple with 3 kids for one of my property.
12 August 2024 | 5 replies
Which is this application/website?
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16 August 2024 | 277 replies
Really excited about what you have accomplished and looks like you will crush 2021 too with that 68 units in store!
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12 August 2024 | 2 replies
My loan application was denied because my salary from my full-time job is too low.
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12 August 2024 | 1 reply
The Impact on Mortgage RefinancingLast week's decline in mortgage rates has already led to a surge in refinancing applications, with activity rising by 20% week-over-week, according to Fannie Mae.
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12 August 2024 | 13 replies
You can buy it at your local hardware store.