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28 January 2025 | 6 replies
It’s quite appealing as a long term investment - even at today’s rates.
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28 January 2025 | 56 replies
For Non-Admitted carriers, the important item to then pay attention to is the AM Best rating (or equivalent rating agency).
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4 February 2025 | 18 replies
My basic underwriting making some standard assumptions on HOA expenses, 20% down, 7% interest rate, 30 year mortgage, utilities, supplies, and maintenance costs shows a loss of about $22k per year if you are self managing.
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4 February 2025 | 1 reply
Charge the tenants a higher rent rate and include utilities with their rent.
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31 January 2025 | 6 replies
It is going to be near impossible to cash flow on a property with 100% financing, especially if that partners rates are above conventional rates.
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22 January 2025 | 16 replies
Don’t chase rates.
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7 February 2025 | 0 replies
Higher interest rates on conventional loans may result, as the government backing currently helps keep rates low.
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4 February 2025 | 6 replies
Charge the tenants a higher rent rate and include utilities with their rent.
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6 February 2025 | 2 replies
Plus, that is the cheapest that money will ever be for you. 2.65% interest rate?
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24 January 2025 | 12 replies
They are short term loans, usually 6-12 months, high rate, interest only payments.