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20 February 2025 | 9 replies
I don't own in Scranton a lot of properties, But I still think 2K is a bit overpriced Especially if you make your tenants pay utilities, But I might be wrong, just wanna make you aware so you make sure before you go into any deal.
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21 February 2025 | 8 replies
This means you’ll pay short-term capital gains tax at your regular income tax rate.2.
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19 February 2025 | 9 replies
DO NOT PAY AN APPLICATION FEE.
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14 February 2025 | 6 replies
And a deal in my opinion is one that will 1. pay for itself(All property expenses) and 2. pay the debt service(if necessary) and 3. put money into my pocket each month.
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13 January 2025 | 2 replies
., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
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17 February 2025 | 40 replies
While Hunter does lead the zoom calls and is available for one-on-one communication on slack and Voxer, know that there are far too many members to get immediate attention from him.
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23 February 2025 | 10 replies
Easy to use yourself too HELOC works (there may be some places that do a HELOCs on rental properties)I personally have used a 401k Loan on a few occasions - You're essentially borrowing money from your 401k and paying yourself back (interest goes back into your 401k as opposed to a bank) and if you don't pay your 401k back the loan would simply become a withdraw (maybe some tax penalties, but you could probably finagle a workaround).
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16 February 2025 | 61 replies
Booking.com people pay a premium pricing and are good guests.
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22 February 2025 | 2 replies
Residential buyers have been paying retail prices despite rising interest rates.
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10 February 2025 | 7 replies
I can pay utilities, insurance, and other holding fees but I won't have enough to pay other cost like listed above.