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Results (10,000+)
Heath D Wallace [Calc Review] Help me analyze this deal
16 February 2025 | 7 replies
Your total project cost is only ~ $143k. 3c) Your interest rate is probably going to be in the low to mid 7s, at least4) All states/areas are different, but I usually see with my CFO clients that their property taxes are higher than their insurance, with taxes often 1.5x higher than insurance.5) Lastly, I saw PM fee of 8%, are you paying someone else to manage this?
Samuel Coronado Sell or rent
3 February 2025 | 4 replies
I think you would be wise to sell and use the VA loan for your new home. 
Jonathan Small 50% Rule vs DSCR > which do you use to calculate a good rental
7 February 2025 | 5 replies
Considering a rate buydown on a DSCR loan?
Tyler Edens House Hacking Budgeting
13 February 2025 | 5 replies
Here are the key numbers:Potential purchase price: Mid-$400k rangeAppraised value: Estimated at ~$500kRehabbed comparable properties (comps): ~$580-600kMonthly PITI (with 5% down, including mortgage insurance): ~$3400First-year PITI (with 2-1 buydown): ~$2900Monthly income (after taxes): ~4-5kLiving expenses (utilities, groceries, etc.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.
Tyler Lingle Duplex Renovation Purchased in Meridian-Kessler Indianapolis, IN
21 February 2025 | 6 replies
Our mortgage at the moment is around $2100 including taxes and insurance, this would obviously go up if we do refinance.
Drew Slew Seller financing fort lauderdale interest only
11 February 2025 | 5 replies
Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont? 
Zachary Kessler Strategies for second property
10 February 2025 | 9 replies
Hi Scott, you don't need to be a first time homebuyer to use an FHA loan and you don't need to be low credit (as many would suppose), but the product probably appeals most to low-credit first time buyers.
Nick Sette UNDERCONTRACT Multifamily 3-unit
23 February 2025 | 3 replies
@Stanley J Black can help with insurance.
Kenneth Joseph Perfido Should I Pay Off My VA Loan Quickly or Keep Leveraging Debt?
23 January 2025 | 5 replies
Context:I’m seeking advice from those experienced in real estate investing and financial freedom strategies.I recently bought a multi-family property in Newport, RI, using my VA loan for $695K.
Shannon Hartzell I need a creative loan for an investment property
27 January 2025 | 5 replies
The best option would likely be a construction loan, which can cover both the purchase of the land and the build.