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11 January 2025 | 31 replies
A few thoughts on the subject from someone who made a living doing this until the laws changed on the West Coast.Most folks in foreclosure go into deep denial.
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13 January 2025 | 2 replies
., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
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19 January 2025 | 8 replies
Regardless of if there is a due on sale clause or not - if you are paying a 2% of property value tax twice - that's a large expense.
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12 February 2025 | 43 replies
We had a discussion about the costs I have endured and the low ball offer to cover expenses for going 5 months past contract deadline but haven't heard back.
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17 January 2025 | 5 replies
I live in Lawrenceville, GA and am beginning my first house hack, working to purchase another property by the end of the year.
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9 January 2025 | 44 replies
Own living quarters.
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16 January 2025 | 5 replies
Yes 1k sqft is small but probably much better than living with family.
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20 January 2025 | 4 replies
JeffWe lead a couple investor meet up groups in person and live stream about the Central Ohio real estate market.
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15 January 2025 | 1 reply
Quote from @Roxanne Whitaker: Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement.