Desiree Rejeili
How Much Home Equity Have You Gained? The Answer Might Surprise You
13 January 2025 | 0 replies
Right now, homeowners across the country are seeing record amounts of equity.According to Intercontinental Exchange (ICE), the average homeowner with a mortgage has $319,000 in home equity.Why Have Homeowners Gained So Much Equity?
Felisha Derrick
Beginner situation/Hubris/What would you do?
6 January 2025 | 9 replies
They can help you organize your finances and create a sound investment plan.Key Questions to Answer: What are your long-term financial goals?
Steven Radolinski
Insights into the Albuquerque Real Estate Market: Opportunities and Considerations
12 January 2025 | 8 replies
Furthermore, the State has put together a task force of prosecutors to put a dent in organized retail theft.
Mike Conner
Investor wants to trade properties - seeking advice
12 January 2025 | 2 replies
My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.
Elijah Berg
36% Rent increse Two weeks Into First duplex as a 19 year old Investor
4 January 2025 | 23 replies
So this is some kind of communal organization - there is a "mentor" at the top, and a bunch of "mentees" who do work for each other/for the mentor.Hopefully the asset is all in your name and your name only.
Anirudh Reddy
Who can claim interest paid on a seller finance property?
28 January 2025 | 15 replies
However, they can deduct the interest they pay to you as part of the seller-financed agreement—if the loan is secured by the property and you provide them with a Form 1098 (Mortgage Interest Statement) for their records.
Rose White
Tenant Background Check
15 January 2025 | 6 replies
I keep a spreadsheet for each property with these Q&A recorded for all prospects.
George Jackson
Skip Tracing Resources
10 January 2025 | 2 replies
While may not have high amount minimums, they may have a minimum $ threshold for cc processing, Ours is $0.60, with a discounted plan that could be a few as 8 records.
Noah Davis
Wholesalers/ Deal Finding
10 January 2025 | 6 replies
Just make sure to vet them carefully and ask for references from past deals and proof of their track record.
Marcus Stokes
fix and Flip
18 January 2025 | 21 replies
Do not bank on setting a new neighborhood record on $ / sqft - be conservative in your numbers.