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17 January 2025 | 7 replies
I’d love your input on whether this deal could appeal to investors and how best to structure it.Property Details:Worth: ~$300,000HOA: $273/month, Taxes/Insurance: ~$170/monthCurrent Rent: $1,880/month (long-term); next tenant advertised at $1,950/month.Mid-term rental potential: ~$2,400/month (I haven’t tried this, but it’s my estimate).My Financing Idea:Large down payment: ~$125,000 (This is my priority to reinvest elsewhere).Seller-financed balance: ~$175,000 at 4.25% for 30 years.Buyers take over taxes, insurance, and HOA.Questions:1.
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17 January 2025 | 11 replies
A 1031 exchange will allow you to sell your building and use the proceeds to invest in a small multi family and/or medium term rentals.
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14 January 2025 | 27 replies
This has also allowed us to provide some excellent incentives for our investors, locking in long term debt currently at 3.75% through our in house financing program.
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29 January 2025 | 12 replies
@Nathan Gesner Yes, I'm fairly confident if we were to hold long term, we'll do just fine.
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21 January 2025 | 3 replies
That is tight leverage for an investment 2nd position loan.A private investor might be willing to do it, it's not going to be cheap at all & will be short-term money & will not be a line of credit to take out at your liking.What is your rate on the 1st?
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17 January 2025 | 9 replies
You can force appreciation by rehabbing and such - so that might be a shorter term way to go?
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19 January 2025 | 5 replies
If you’re leading it to a company be sure to have in your lease explicit information about who is responsible for what in terms of maintenance.
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22 January 2025 | 8 replies
- Are you more interested in cashflow or longer term appreciation?
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22 January 2025 | 5 replies
Let's roughly say running electric line is $10kInstalling underground propane tank 1000gal is $10kWhat's your experience heating with gas vs electric in terms of warmth?
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21 January 2025 | 2 replies
It was purchased from MLS as a long term buy and hold rental.