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2 December 2024 | 3 replies
I dont have any experience in this market but have looked into it a little bit, I know that you can get the houses pretty cheap there but my concern was with the long term appreciation - I dont believe it is a highly desirable place to live and so there wont be much appreciation -however that is just my opinion and I really didnt look into it much, I think it would be a cool place to live as I go to Monterrey all the time, but its hard to say.
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1 December 2024 | 6 replies
However, a lot of condominium communities have clear guidelines on rental restrictions that often prohibit leases less than 6 or 12 months.Before paying for a really nice high-rise, please make sure you will be able to monetize it the way you'd like prior to purchase.Best of luck.
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3 December 2024 | 7 replies
I want to scale, but not sure how to develop my strategy.I have a $200k HELOC and excellent credit worthiness and high income from my day job.
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3 December 2024 | 4 replies
My only hurdle is the fact that I don't know the Real Estate Investing industry that well, so I don't know where or how to find the right documents for my wholesaling transactions.I've began generating pre-foreclosure leads, which I am able to filter out just ones with high equity, owner occupied, and no auction date, yet.
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4 December 2024 | 6 replies
They have a very high risk of ending up in a lawsuit if you ask me.
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4 December 2024 | 3 replies
If you're only making $1k on a $100k investment, a 1% CoC is probably below what you could find in other investment strategies and your 1% is very high risk because 1 water heater gets you negative.
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7 December 2024 | 18 replies
Went to a community College for diploma, then worked, interned and got hired in her field of study before graduating college with a bachelor's last month with no debts in a growing field with high demand and six figure yearly salary.She bought a primary residence 2020 with 3% down and house hacked, which allowed her to live rent free for 2 years while tenants paid down the loan.
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3 December 2024 | 15 replies
These items will vary from DSCR Lender to DSCR Lender and can also be determined by things like your credit score, property type and its DSCR ratio, etc. 3% origination cost is very high for DSCR as well unless you are essentially "buying down" the interest rate quite a bit (trading fees for a much lower rate over the life of the loan)I have also been told by multiple people that I should create an LLC or Trust.
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2 December 2024 | 10 replies
I estimate high of what the bill would be and put it on their lease, I have not had any issues this way and if the water bill goes up, I will increase on the next lease.
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2 December 2024 | 4 replies
The other catch is the high interest rates today and doing a refi will be expensive.