
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.

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?

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

2 January 2025 | 18 replies
In 1972 the 30 year mortgage interest rate was 7%.

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.”

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

15 January 2025 | 2 replies
I know hosts have included additional cleaning fees for violations as a deterrent.If none of these solutions work, you could look into completely independent HVAC systems for the two units, though that would be a bigger upfront investment.

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.

16 January 2025 | 3 replies
However, value add with a sale is not as implacted by rates.