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12 October 2024 | 1 reply
Recently, I started using CMA (Comparative Market Analysis) to get comps.For those of you who are familiar with CMAs, do you have any pointers on how to best use them?
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16 October 2024 | 32 replies
The rents are still growing on the smaller ones too as I think the rents compare favorably for people coming in when they look at a nice hotel room for 150k to 200 a night or a one bedroom cabin for 200 a night.
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12 October 2024 | 2 replies
I’ve seen buyers in situations like this secure terms for primary residence use compared to investors.. so it might actually work out in your favor if your buyer wants to live in the home.Funny enough, a friend of mine ran into a similar situation in Austin last year.
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14 October 2024 | 12 replies
If you can claim real estate professional status, you can offset the losses from the real estate against the income from the retirement distribution.You may still be subject to the 10% penalty.The good thing about a condo is that you pay potentially be eligible to depreciate more of the property compared to other types of residential properties.Best of luck!
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13 October 2024 | 4 replies
It is much easier to have the discussions when a decision is not required to be made and figure out how to resolve them now compared to when the time comes.
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17 October 2024 | 20 replies
Their comparable sales are almost always significantly inflated, and they lack the expertise to accurately budget for renovations.
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16 October 2024 | 25 replies
Traditional Lending for Investment:DSCR (Debt Service Coverage Ratio) loans do generally carry a slightly higher interest rate compared to traditional investment loans, typically 1-2% more.
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12 October 2024 | 3 replies
@Jessica LamontComps right now we are comparing property radar and Propstream.
18 October 2024 | 34 replies
Interest rates: Since your rental mortgages have relatively low interest rates (2.99%–4.375%), it might be better to keep them as they are, especially since borrowing at those rates is pretty cheap compared to current market rates.
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13 October 2024 | 12 replies
It is not much larger than my tankless, but my tankless is fairly large compared to many.