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7 August 2024 | 26 replies
Then it was suddenly frozen one morning and, after an email to the address zillow provided, a voice message to the appropriate phone number, and a form filled out with exactly all the information they request, we get no response for almost a full business day.
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7 August 2024 | 32 replies
I’m considering cashing out my 401(k) and IRA funds to invest in more real estate and would appreciate any advice or insights on whether this idea is viable.Current Financial Situation:Significant savings in 401(k) and IRA accounts.Additional funds in a taxable brokerage account.Age: 40, with a relatively high effective tax rate.Limited emergency fund.Existing Duplex:Mortgage with a 75% LTV ratio and a high interest rate.Modest annual cash flow.Withdrawal Scenarios:Scenario 1: Withdraw everything today at age 40, resulting in a 35% loss to penalties and taxes.Scenario 2: Withdraw at age 60 with growth scenarios ranging from 1.3x to 2.3x the initial balance.Proposed Real Estate Investment:Purchase two additional duplexes with a 75% LTV and 6.635% interest rate on a 30-year term.Projected outcomes include appreciation, cash flow growth, loan amortization, and tax benefits.Comparison of Real Estate vs.
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7 August 2024 | 7 replies
So while some rules only affect potential residents, they can have the effect that investors in land like us will have trouble finding buyers.
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7 August 2024 | 1 reply
Are there any particular management practices or tools that have proven effective for rent-by-the-room setups?
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6 August 2024 | 1 reply
I have about 25000 saved up and I'm living at home for free how much of that should I spend on a property or save.How does someone truly manage a property "effectively" from a distance?
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7 August 2024 | 15 replies
You just have to make sure once you vacate your primary and converting into a rental, how would your DTI (debt to income ratio) be effected.
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7 August 2024 | 10 replies
We saw an 85% increase in our premium this year and because of this, we are choosing to go with the highest deductible we feel can live, effectively choosing for catastrophic purposes only.
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6 August 2024 | 20 replies
We manage almost 700 doors in Metro Detroit market, 92 are S8, so we are very familiar with the program.We've got some great S8 tenants, but also some not-so-great ones that abuse the program.PM us if you'd like to discuss the reality of using S8 effectively...
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6 August 2024 | 4 replies
I have about 25000 saved up and I'm living at home for free how much of that should I spend on a property or save.How does someone truly manage a property "effectively" from a distance?