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5 February 2025 | 4 replies
Quote from @Dylan Webb: Have you talked to a lender to see what it would cost you?
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6 February 2025 | 3 replies
I’d appreciate your perspectives.Here are the details about our current home:3/2 Class A property in a middle-America town with historically ~1% annual appreciation.Purchased in 2020 for $200,000 at a 3% 30-year fixed rate.Remaining mortgage: $150,000.Estimated value: $270,000 (based on recent sales).After selling costs: Likely $100,000 in net proceeds.Rental potential: $2,000–$2,300/month.PITI: $1,200/month ($700 mortgage + ~$500 insurance/taxes).Maintenance/CapEx/Vacancy (20%): ~$400/month.If kept as a rental:Net cash flow (self-managed): ~$500/month or ~$300/month with property management.Low appreciation potential but ~$400/month in principal paydown.Considerations:What’s the additional overhead of managing a second rental property remotely (3 hours away)?
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27 January 2025 | 35 replies
In my opinion, the US and the UAE have agreements to avoid double taxation, so there should not be any additional costs in Dubai.
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16 January 2025 | 6 replies
Make thisyour business model.
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28 January 2025 | 1 reply
The cleaning costs alone were over $9k.
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31 January 2025 | 1 reply
Planning to sell my property in vegas, just wanted a second opinion on if these are typical, fair costs in today's market.
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26 January 2025 | 16 replies
Because if you need to live off the cash flow what you're really looking for is a business.
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19 January 2025 | 18 replies
A quick web search shows it can cost upwards of $25,000.I'd say that if the flea-bag isn't a service dog now, it probably never will be.
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30 January 2025 | 0 replies
I decided to buy the property from my grandfather using a gift of equity, which allowed me to take over ownership without having to come up with the full down payment and pay for the tax lien and his closing costs.
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23 February 2025 | 18 replies
If you do a good job and make the private lender happy they will want to do this again.Then there's seller financing which you see a lot with businesses, and commercial property.