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14 February 2025 | 12 replies
If you just take the 13,835 financed at 6% you are adding 83 dollars a month. so a double whammy.Now, lets consider if rates drop to 5.5% in 24 months (not a prediction just a what if) and you could have refinanced at a much lower costs then the above scenario in what you paid in pre-paid and additional interest. on the other hand, if rates for your same scenario after your 5 year payback period is 9, then you will have an asset with a much lower then current market rent.
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18 February 2025 | 8 replies
So your additional ~240 SF could be the foyer, hallway and bathroom spaces that are allocated by percentage to the unit.
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6 February 2025 | 9 replies
You can assume about 1% in closing costs in addition to commissions so you're starting around 7% before the seller gets any cash at closing.
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15 February 2025 | 6 replies
If they have a loan at a favorable rate, I give them additional money to take over the loan.
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18 February 2025 | 5 replies
This money will be used to pay down some debt I have and also purchase 1-2 additional rental properties.
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7 February 2025 | 1 reply
I track the principal as a Liability account in Xero, and whenever I add it to a report, it always shows the current balance, rather than the change over the chosen time period (like with expense accounts).
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6 February 2025 | 3 replies
However, you have the additional question about if and how you might enforce a judgement in another country.
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23 February 2025 | 3 replies
Homeowner should have an adequate policy and you can use additional damage protection from services like Safely and Waivo.Yes, security deposits are normal for MTRs and highly recommended.
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23 February 2025 | 5 replies
Additionally, it pretty much the 1% rule as a LTR and would absolutely kill it as a MTR/STR!
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22 February 2025 | 9 replies
If you need any additional help I will tag @Crawford Peay who is an experienced property manager perhaps he can help.