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31 December 2024 | 13 replies
In other words, FB marketplace cast offs won't be the best fit unless you're lucky enough to come by some Pottery Barn or West Elm or brands like that.
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31 December 2024 | 11 replies
@Dwayne RoweWe did a consolidation loan through a commercial banker (basically a multi-property DSCR loan) where we took out one loan that paid off 5 higher interest rate properties, and took out cash as well at the same time.
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30 December 2024 | 1 reply
Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45% Lessons learned?
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30 December 2024 | 3 replies
Quote from @Meliisa Lee: I recommend splitting the properties or selling them off and splitting the proceeds.
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30 December 2024 | 0 replies
In fact, more than two out of three homeowners have either completely paid off their mortgages (shown in green in the chart below) or have at least 50% equity in their homes (shown in blue in the chart below):And that’s a big deal.
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2 January 2025 | 10 replies
I recommend focusing on one business and becoming an expert before branching off into others.
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28 December 2024 | 11 replies
I don't think the estate was being decietful, but their dearly departed originally di have 8 acres but sold off parts along the way resulting in a net of 1.8 acres.
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29 December 2024 | 8 replies
I would check with Dennis Kahn at Homestead Mortgage or another popular mortgage broker here, Zach Starnes or there are several other lenders that can re-fi off appraised value much sooner than 1 yr.
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4 January 2025 | 19 replies
Basically, it turned off our furnace and I watched until temps started hitting 56F inside, then reached out gently to educate that our AC (blower) is disabled in the winter and the furnace needs to stay on.Hang in there.
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4 January 2025 | 16 replies
Sounds like you did a great job with the rehab and adding the extra bedrooms really paid off!