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5 January 2022 | 4 replies
Pay particular attention to Page 12 where it explicitly defines what type of animals are allowed.
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6 January 2022 | 1 reply
Lets take a look at the numbersOriginal Purchase: May 16, 2018-Purchase Price: $50,000-Closing Costs: 2,700-Rehab Costs: $10,650Total All In Cost: $63,350How I Financed Originally: -25% Down Commercial Financing ($12,500 down)-$37,500 Loan Amount - 5/1 ARM amortized over 20 years-5.25% Interest Rate-Monthly Payment: $365/monthRefinance Period: -Refinanced following completion of construction 4 months laterNew Loan: October 2018 -Appraised Value: $94,500-New Loan: $67,500-Closing Costs: $1,500-6.29% Interest Rate - 5/1 ARM 20 Year Amortization-New Payment: $692/monthI was able to take all of my original money out of the deal and pay myself a small $4,250 tax free payment "Just Because 😏 "I now have $0 in the dealCurrent Rents: $1,049/monthCurrent Cash Flow After Refi: $357/monthResale Date: December 2021-Sale Price: $112,846-Current Loan Amount: $55,422-Closing Costs: $3,350.92-Commissions: $6,635.34Total Net Profit: $46,123.64I"ll now be doing a 1031 exchange and rolling that into a longer term multifamily building.
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6 January 2022 | 5 replies
The neighborhood is not gated, but looking through the HOA documentation it isn't explicitly clear if STR is allowed.
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11 January 2022 | 9 replies
Depending on the appraisal and the loan option I choose, the cash out amount could range from $0 (low appraised value + 75% LTV fixed loan) - $80K (high appraised value + 80% LTV 10/1 ARM).
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14 February 2022 | 4 replies
But everything must be arms length, IRA owned can't do any work and must use unrelated third party for any improvements/repairs.
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24 January 2022 | 44 replies
Iam vested in TN,AR,MS,MD and OH
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16 January 2022 | 13 replies
I admire everyone in our armed services.
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19 January 2022 | 51 replies
Explicit extra costs for pets is just going to turn off a large percentage of potential renters.
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1 February 2022 | 9 replies
I have an employee who earns $5,000 to $7,000 every week (his paycheck) canvassing door-to-door and he sells home services i.e. plumbing, heating, roofing, house painting, etc..My company has been hiring door-to-door canvassers for about 20 years and it is the best and most-productive marketing and sales arm reaching out that any business can have.
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1 February 2022 | 0 replies
They've currently gotten a loan for their primary SFH that is a 3-year ARM at around 4.3%.