Shayan Sameer
Questions About Purchasing a Duplex as a rental
17 January 2025 | 11 replies
@Shayan SameerThe non-paying tenant could impact your short-term cash flow, so consider the potential costs and timeline of eviction in your state.
Charles Evans
New House Hacker
22 January 2025 | 13 replies
Its great for me where I need to adjust to paying a mortgage and was worried about my monthly payment a little bit!
Courtney Dettlinger
Should I use home equity loan & how
22 January 2025 | 1 reply
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.
Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
Risks: rates go down and you have to pay a prepay of 2 or 3 %; you have to sell and pay the prepay; rents decline & you can't make the payment like any other type of loan; cost upfront a little more than conventional; need to find experienced broker licensed in the state where subject property sits; servicers are bulldogs.
Rafael Ro
Safe and stable investment: Do I buy rental properties or keep money in a HYSA?
11 January 2025 | 67 replies
But that's without paying a PM.
Beau Alesi
Investing In Real Estate
24 January 2025 | 6 replies
Quote from @Paul Lucenti: Would you rather have monthly cash flow or would you prefer a quick pay day after 3-6 months?
Roland Stone
Anderson Business Advisors
25 January 2025 | 15 replies
Their "Titanium Service" does NOT mean anything, other than they would ask you to pay $10K to sign up for it.
Dziko Thunde
Investors edge 100% Financing
16 January 2025 | 5 replies
Has anybody dealt with Investors Edge and gotten 100% financing after paying $3995 membership fee?
Loren Souers
Best deal for first time rental purchase
19 January 2025 | 8 replies
. $1300/month, tenant pays all utilities. 4 bedroom one is vacant.
Erin Hill
81 units- private insurance? blanket insurance? share insurance?
19 January 2025 | 1 reply
We will be paying nearly $50,000/year in property insurance.