Some rents in what some define as an A may hold strong values but rents compared to purchase price may not be comparable to a B.

The buyer agreed to cover the cost of the new appraisal, which came in significantly above the purchase price.

Hi Tiffani, often new appliances that are "off brands" that you purchase come with a warranty and perform well plus they look new.  

I am thinking about purchasing land for the intention of using it as a RV & Boat Self Storage.

Why do you think purchase contracts are so long and have such small print?

Purchase price: $171,000 Cash invested: $29,000 Small 600 square foot cabin tucked away just outside of the quaint city of Ellijay GA.

Purchase price: $225,000 Cash invested: $56,000 Purchased 4-plex from a wholesaler.

You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.

A JWB client purchased this home on 8/30/2024.

I can help you purchase an investment property in Santa Rosa.