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27 January 2025 | 7 replies
Most lenders that I work with give Wholesale Rates (vs retail rates when you go directly to a lender).
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29 January 2025 | 12 replies
Long term interest rates should continue to increase.
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5 February 2025 | 5 replies
Interest rates doubled within a six month period of time and property sales almost completely stopped.
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6 February 2025 | 18 replies
Expenses went down and ratings / reviews went up.I did the switch after staying in an Airbnb that provided both flowers and local bakery goodies.
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7 February 2025 | 2 replies
Many have pulled out of insuring multifamily properties or only cover up to 4-unit buildings.While Allstate doesn’t have a unit cap, they do cap total coverage at $750K on a landlord policy—which is why I’m exploring options for supplemental coverage.The carrier raised my rate by ~86% on all three properties under this policy.
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2 February 2025 | 1 reply
TERMS- Deal Type: Seller Finance- List Price: $580,000- Purchase Price: $780,000- Seller Carryback: $693,000- Total Entry: $100,000 Breakdown: Assignment: $13,000 Down: $87,000- PITI: $2,657 Breakdown: Principal & Interest:: $2,000 Taxes: $464Insurance: $193- Rent: $5,250 ($750-800 per unit)- Amortization Years: 28.88- Interest rate: 0%- HOA: NONE- Balloon: NONE- EMD: $5,500- COE: Feb 12, 2025- Occupancy: Occupied, Occupants staying post closing- Title company: PROPERTY DETAILS:MULIT-FAMILY7 Units - 2B/1B per unit- Living sqft: 5,200- Year Built: 1940- Age of Roof: 1- Age of HVAC: New- Age of Water heater: New- Condition of Electrical: Good working condition- Condition of Plumbing: Good working condition
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1 February 2025 | 7 replies
I know of at least two big players in the lending space who have begun asking for a higher rate if you had in a sec 8 / HAP leases.
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7 January 2025 | 7 replies
Offering discounts and opening up your calendar are great steps.
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17 January 2025 | 6 replies
So, keep in mind this tax deduction is basically like getting a discount on the purchase.
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21 January 2025 | 16 replies
It’s a very good buffet and it normally costs $13-$15, so it’s a small discount to get some good food, learn, and network.