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27 November 2024 | 3 replies
Sellers want to be on the MLS that covers the area where their home is located, so they can get in front of LOCAL buyer agents (nearly all buyers use an agent).2.
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25 November 2024 | 9 replies
You are talking about 22$ an hour per individual for an 8 hour day plus whatever equipment costs they need to cover.
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27 November 2024 | 8 replies
By renting out a duplex unit, you can cover a portion of your mortgage and free up cash for other investments.
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26 November 2024 | 4 replies
A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.
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27 November 2024 | 10 replies
For your property to perform well, I would want it to rent for around $1800 a month to cover expenses and provide some cash flow.
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2 December 2024 | 21 replies
One is a DSCR loan that covers 5 properties (also a 30-year fixed...at 3.75%!).
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27 November 2024 | 9 replies
If it's mostly fully occupied you can get a full-doc commercial loan as long as it debt covers.
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26 November 2024 | 22 replies
Homeland covers: Stopping financial fraud, illegal trade and the sale of fake goods to protect the U.S. economy, American businesses and your money."
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24 November 2024 | 1 reply
Just like our BANKERS validate and question our deal analysis, you need to be the BANKER.Majority of the Syndication failures going on right now are due to either Short-term financing used on longer term projects- in a period of extreme interest rate hikes, material Inflation, or Covid related supply chain or personnel issues.You as the BANKER, know that all of the above should have been covered by the Syndicator and by you the BANKER.
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23 November 2024 | 10 replies
-therefore, there won't be any net 'cash flow to cover rent' for years.to be clear, i say this not to say "don't invest out of state." investing out of state is fine.