21 August 2024 | 182 replies
People apply 6 different ways to get aid.
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19 August 2024 | 46 replies
If I contract a home and use you as my inspector, since I have never used you before and don't have a way to judge your work, If you use me as your inspector, determine upfront whether you want me to be nitpicky and create the largest report of meaningless findings to aid in getting a price negotiated lower (often due for new bills), a minimum number of findings to make it easier to purchase (often the desire expressed from real estate agents who don't want to blow up the transaction) or somewhere in between these two extremes.
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13 August 2024 | 3 replies
Home equity is 6-7% depending on length 5yrs vs 15yrs a 30 yr mortgage is 6%...Ideally rental stays rented out bringing in 1/2 of mortgage payment on new house based on numbers and is already cash flow positive bring in $1200/month (worth about 180k)and new property is going for 240k going rental price is about $2,000/month but I owe 18k still on private mortgage- reason I want to pay it off (4% flat 720 interest from cc for 1 year) to have it 100% paid off, then use home equity to pay off....or try to balance transfer balance after 1 yr which ever is lower but I figured that would mess with debt to income ratio and with this property being brand new, which is hard to find being located outside of closest major city...goal is to keep house rented out till it's paid off while also being cash flow positive with both properties combined and using paid off/ nearly paid off 1 to pay for 2nd rental, so I'd say lowest debt while also building wealth/equity not worried about a monthly/yearly profit per say as long as someone else is paying down the mortgage ie: my current property is bringing in $1200/month but current market value says it should bring in atleast $1500-$1600 but the tenant is phenomenal so she's paid same rent since 2017 I've put about 36k into between mortgage payments for 2 years and some up keep...she's put in the other 130k!!
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17 August 2024 | 56 replies
I would start with your home state or the one that is closest to you if you do not live in a tax lien state.
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11 August 2024 | 5 replies
My hope is that the wealth of knowledge here at this incredible resource will aid us in solving that problem.
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10 August 2024 | 11 replies
@Jose N. you can do maintenance with band-aids or replace/upgrade the problem.Often cheaper overall to use band-aids to get as much "life" out of a system.Roofs for example.
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19 August 2024 | 3705 replies
I plan on beginning with flipping single family homes, as this is closest to my comfort zone.
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15 August 2024 | 86 replies
In addition, I hope you added it to your own aids--"city turn on water at meter (often unlock it) and leave it in the off position so as not to flood home".
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10 August 2024 | 10 replies
There are houses on three sides with the closest one being 30' from one of the buildings.
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12 August 2024 | 39 replies
Ask all the class C tenants upstate how these legislative "aids" are helping them?