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26 January 2025 | 2 replies
I am obviously conflicted with the moral side of pursuing legal action here, but understand that people can do untruthful things when it comes to financial gains.
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27 January 2025 | 7 replies
. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
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28 January 2025 | 1 reply
Areas near oil production hubs could experience economic booms, creating localized opportunities for real estate investments.Beyond these broader economic initiatives, Bessent has been vocal about extending or even expanding the 2017 Tax Cuts and Jobs Act (TCJA).
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27 January 2025 | 10 replies
That is, they take the arrears, the late fees and any legal fees and they create a 2nd.
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25 January 2025 | 6 replies
Initially, I was considering properties in Prince George's County, MD, or the DMV area.
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28 January 2025 | 7 replies
And do they accept counter-bids after initial bid is placed?
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24 January 2025 | 10 replies
Initially, we wanted to have the loan under my wife's name only but my the loan officer from the builder's lending arm told us that if I am in the buyer, the RE Agent and the mortgagor (in the loan), I could use my agent commission towards closing costs and down payment.
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25 January 2025 | 32 replies
My initial investment there started off a bit rocky.
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21 January 2025 | 6 replies
The seller has the two lots legally separated, but due to deed restriction imposed by the subdivision development, found that building a house on the “tennis court” lot was not allowable.
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25 January 2025 | 3 replies
Sometimes tenants bite, sometimes they don’t, but it’s worth a shot.Owner Move-In: If you’re planning to live in one of the units, you might be able to legally take it back.