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3 December 2024 | 1 reply
I am a fee attorney for Fidelity and found this the best solution.1.
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4 December 2024 | 8 replies
If the cash flow of your properties is still good, you could do a portfolio loan to pull out some of the equity to purchase more properties.
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28 November 2024 | 5 replies
As I recall I paid some fees, but no points.
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1 December 2024 | 1 reply
My thought is is use the Rent Ready feature of reporting his payment history to the credit bureau so it can work in his favor as a trade line, but I'm wondering if this is an unnecessary added step since he can already pull transactions on his bank side.
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3 December 2024 | 22 replies
I finally sold it for a small fraction of what I paid for it, but I was out from under the HOA fees and taxes which at about $1,700. per year, which is a sizeable sum for me, and as we know, these fees increase every year.Bottom line is, DO NOT purchase property there for an investment.
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4 December 2024 | 6 replies
Look into factors like vacancy rates, local job growth, and tenant demand to pinpoint promising markets.Once you find a property, work on running the numbers carefully—factor in purchase price, rehab costs (if applicable), property management fees, and reserves.
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2 December 2024 | 6 replies
The dollar-peso exchange rate benefited us with respect to fees, so we have some extra class A shares we can use as collateral.
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3 December 2024 | 9 replies
I’d recommend pulling out just what you need, like $100k.
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2 December 2024 | 21 replies
If you need access to the $200,000, you could use a HELOC to temporarily pull equity from the property when good opportunities arise.
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5 December 2024 | 7 replies
We’re planning to move to Europe to start our family, and we’re looking to generate $1,000–$2,000 USD/month in net income (after management fees and other expenses) with these RE investments.