
16 January 2025 | 10 replies
This year is slower than normal because mortgage rates and home prices are so high.

9 January 2025 | 5 replies
You will pay for the higher risk with higher rates and origination fees but if the deal makes sense then congrats.

9 January 2025 | 9 replies
Rates will range from Prime (currently at 7.5%) to Prime + 4% (11.5%).

2 February 2025 | 15 replies
Are most of those gurus just selling courses/cutting a fee on top of an agent?

22 January 2025 | 22 replies
A 4 bedroom would have you competing with larger condos or townhouses with pools, a much lower rate of return.

18 January 2025 | 11 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

12 January 2025 | 2 replies
My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.

6 January 2025 | 2 replies
Mortgage rates at 7% 2. 25% down3. 10% of current rents budgeted for capex, monthly repairs and maintenance and property management fees.

15 January 2025 | 12 replies
Frequent hail storms pushing insurance rates up in that market.

18 January 2025 | 3 replies
As soon as a tenant fails to pay rent, you can file a complaint without waiting 30 days or issuing a separate notice (unless your lease requires one).That being said, it could be a waste of time/fees to run to court because tenants in NJ may come even on rent (even after you win the eviction case) and then they won't be evicted: “The tenant shall have three business days after service of the warrant for removal to pay all rent due.”