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24 October 2024 | 10 replies
The trouble I keep finding with this is that I am self employed now, they probably will ask for 2 years of proof of income as a self/business owner, right?
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25 October 2024 | 23 replies
Scranton PA is a great spot to invest.Pros:- Low cost of buy-in / not much needed in comparison to other areas due to affordability in purchase price- High-Cap Rates- High Cash Flows- Stable market / continuing to appreciate- Beautiful revitalization of the downtown- Influx of jobs, employment opportunities - Plenty of renters- New Amtrak service coming- Surrounding neighborhoods are sought after, solid schools, "home team" mentality in most of the towns where people want to stayFor the Cons:- I can't think of any OVERALL cons that couldn't be avoided in working with the right team.
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25 October 2024 | 12 replies
Quoted $5K in closing costs but ended up being $7k to pull $94K in equity out of home as a 2nd mortgage (additional cost was insurance). curious if the below info seems “normal”appreciate the feedback.
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24 October 2024 | 19 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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24 October 2024 | 18 replies
I will try again but I may be back for additional help!
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23 October 2024 | 8 replies
Ideally by the end of next year we would like to have the adu collecting rent, and the addition completed or nearing completion.
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23 October 2024 | 10 replies
Look for areas with strong rental demand, low vacancy rates, and proximity to schools, employment centers, and amenities.Future Growth: Check for signs of future development, such as new businesses, infrastructure improvements, or public transportation.
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23 October 2024 | 8 replies
This is more ideal for a tenant/someone that has a background in doing handyman work but at this point you have to understand that you are now also going to be their employer.
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23 October 2024 | 5 replies
Local bank financing would require an additional $350-$500k towards the down payment.
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29 October 2024 | 33 replies
And buyers simply cannot afford to add to their DTI due to the lack of affordability and looming employment issues over our head.No one will sell, unless they are forced to.