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10 February 2025 | 31 replies
A recent example, “How much is the monthly association fee?”
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31 January 2025 | 10 replies
Although there is potential profit in this kind of profit, there is also more risk associated as the repair costs can pile up quickly and create a scenario where you have invested more into the property than the repaired property would actually be worth.
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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.
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21 January 2025 | 14 replies
Any investing usually has a level of risk associated so you want to make sure you know exactly what that is when it comes to the flint market.
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22 January 2025 | 0 replies
This is much lower than the costs associated with refinancing.Benefits of Mortgage RecastingLower Monthly Payments: The most immediate benefit is a reduced monthly payment, which can free up cash for other financial goals.Save on Interest: By reducing your principal balance, you’ll pay less interest over the life of the loan, potentially saving thousands of dollars.No Credit Check or Appraisal: Unlike refinancing, recasting doesn’t require a credit check, income verification, or home appraisal, making it a quicker and simpler process.Keep Your Current Interest Rate: If you have a favorable interest rate on your current loan, recasting allows you to maintain it while still lowering your payments.Drawbacks of Mortgage RecastingRequires a Lump Sum: Not everyone has the cash on hand to make a significant lump sum payment, which can make recasting inaccessible for some homeowners.Doesn’t Shorten Loan Term: While your monthly payments are lower, recasting doesn’t reduce the length of your loan.
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18 January 2025 | 2 replies
He was a past President of the National Association of Residential Property Managers (NARPM), he's honest, and he's a great businessman.
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14 February 2025 | 37 replies
How much would did cost to expand the septic tank and the associated regulations change to reflect in the county records.
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7 February 2025 | 14 replies
Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.
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27 January 2025 | 4 replies
Many of them are posers - I smile and nod, knowing that their posing will make an impression on many who dream of quick wealth, and that their incredibly transparent bullsh** will eventually blow up in their face, leading to no lasting wealth and potentially major problems for themselves and everyone associated with them.Many of these students receive referral fees if they are able to sign up other people to the expensive ($5K+) coaching programs, masterminds, mentorships, or tribes.
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21 January 2025 | 74 replies
I had such a good experience with this course that I am looking forward to trying out their other courses.I want to emphasize again that I am in no way connected with this course or anyone associated with it.