Hector Espinosa
Seller Financing Advantages and Disadvantages
10 December 2024 | 5 replies
* House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?
Marc Shin
STR - pets vs no pets
16 December 2024 | 21 replies
I also added a pet blanket for the master bed, because dogs' nails were snagging the stitching on quilts.
Jake Baker
Co-Living (rent by the room) BRRRR
11 December 2024 | 10 replies
Tearing down any rooms that are a little wonky before the appraisal.For example, I bought a HUGE (3300 sqft) 3 bed house.
Alberto Freites
The Miami Market is Overrated?
27 December 2024 | 66 replies
For example, instead of 1 rent $2000 for a 3 bed 2 bath.
Renee Coss
Should I convert my garage into ADU for a Short Term Rental?
11 December 2024 | 14 replies
There are always exceptions as I have seen in the past some two beds and even 1 beds be opportunities.
Jarrod Ochsenbein
Padsplit / Co-living is treating me well so far.
8 December 2024 | 28 replies
My initial guess would be look at 1 bed 1 bath rentals in the area but is that the best way to estimate?
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
It’s only a 2 Bed/1 Bath, but it’s 1,450 square feet with a laundry room (which could be turned into a 3rd bedroom), has a bonus sunroom, and 2-car garage.
Himateja Madala
STR evaluation in Kissimmee(Reunion)
9 December 2024 | 21 replies
I have an opportunity to purchase a 2019 built 6 bed/6 bath 3300 sqft (Pool/spa, media room, full size garage) fully furnished STR in Encore Reunion community @ 180 per sqft costs me 600k.
Timothy Eaton
Seattle Duplex Conversion
6 December 2024 | 1 reply
Built out the basement into a 2 bed/1 bath unit Lessons learned?
Jinglei Shen
duplex, ohio, cash flow deal analysis
10 December 2024 | 12 replies
Do you know the bed bath count and location class?