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22 February 2025 | 5 replies
Currently have a duplex I’ve been in 3 yearsMortgage 3.65% pmt $850Tenant pays $875Heloc $30k——monthly $291The issue I am running into isRates are so high right now and it’s a lot harder to find another that will cover full mortgage.Does it make sense to leave somewhere that it is full covered to go to one that is not?
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18 February 2025 | 6 replies
Don't take out a HELOC Jason, it's not worth the time it takes for the amount of money you need.
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19 February 2025 | 6 replies
Give them a short, professional notice and move on.Second, I don't think a specific form is required in Massachusetts.
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19 February 2025 | 171 replies
Buffalo rails: running 4+ yrs behind estimates.
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17 February 2025 | 11 replies
If you don't mind sharing, what maintenance issues did you run into?
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8 February 2025 | 29 replies
It's slightly less expensive than Redding but a very short commute so it's a great place for starter homes, too.
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27 February 2025 | 5 replies
Here’s the breakdown:Financing & Investment Details: Total Project Cost: $750,000 Purchase Price: $450,000 Rehab Cost: $300,000 Total Investment Needed: $750,000 Private Money Loan: $550,000 (1-year term at 9% interest) My Cash Investment: $200,000 Interest for Private Money Loan: $49,500 Closing Costs for Private Money Loan: $0 Closing Costs for Refinance: $27,000Total Cash in the deal:$750,000 + $49,500 + $27000 = $826,500Exit & Refinancing: ARV: $900,000 After renovation, I refinance at a new loan of ~$675,000.
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24 February 2025 | 5 replies
Make sure your first rental cash flows well by running the numbers as if you were buying it today.
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12 February 2025 | 8 replies
If you are then this probably would not be too crazy to get it up and running with some work.