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3 January 2025 | 6 replies
Lower interest rate at 12% is $8,400 year ($42K for 5 years) plus his initial investment of $70K equals $112K.
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3 January 2025 | 42 replies
Companies are having to set aside a certain percentage to cover the Cap Rate insurance and as an abundance of caution with these interest rates- class B are paused.
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3 January 2025 | 19 replies
However, before deciding on a DSCR loan, it’s important to analyze your existing first mortgages—including their rates and the current loan-to-value (LTV).
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2 January 2025 | 4 replies
Probably need a full time manager, but not really big enough to do that unless the rates are super luxury I would think.
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13 January 2025 | 15 replies
Also, these deals tend to have very thin margins because the brokers will soak up a lot of the up front pricing while also pressuring you to get skinny on the rate.
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4 January 2025 | 5 replies
The program stipulates that you MUST stay in the home 5 years or you lose a pro rated portion of that 8k.
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27 December 2024 | 66 replies
Even on a high interest rate environment the market has been climbing.
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6 January 2025 | 7 replies
Strong job growth, low unemployment rate, and strong population growth.
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6 January 2025 | 4 replies
I would just be careful hopping back in now as interest rates and low inventory are making it very difficult if you aren't finding your own off-market options to buy.
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8 January 2025 | 6 replies
Renting out a room is a great way to get started, and I wouldn't get too settled into the "going rate" use that almost as a floor.