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12 January 2025 | 7 replies
I've personally done just about every rehab scenario, properties I've lived in, properties bought as investments and even properties bought at auction.You've gotten good advice from folks on this list.
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16 January 2025 | 10 replies
We’re experiencing the same for our unit on a 6 month lease and suspect it’s due to the time of the year.
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11 January 2025 | 1 reply
Once you get this information to them you will also be required to do a zoom call and walk around showing them some of this info - the office, any signage, and locks on doors.
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17 January 2025 | 3 replies
And an interesting take on markets when they discuss them.
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15 January 2025 | 0 replies
Since 2022, rents tracked through the MLS system for the Charlotte Metro area have steadily dropped.90 Days of InventoryWe currently have 90 days of inventory on the market, a trend that’s persisted for five consecutive months.
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16 January 2025 | 5 replies
It kind of depends on the type of properties you're looking for funding on.
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15 January 2025 | 15 replies
I use pricelabs on all my listings and have really enjoyed it.
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16 January 2025 | 0 replies
Remaining Balance: After the balloon payment, the remaining loan balance will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Payment TermsInitial Loan Terms (First 24 Months):The monthly payment for the first 24 months is based on a 12-year amortization schedule:Monthly Payment for First 24 Months: $1,573.39Remaining Balance at Month 24 (Prior to Balloon Payment):The balance after 24 months can be calculated using the amortization formula:Remaining Balance at Month 24: $157,113.92Balloon Payment:The balloon payment will be 50% of the remaining balance at Month 24:Balloon Payment Due at Month 24: $78,556.96Re-Amortization of Remaining Balance (After Balloon Payment):The remaining balance after the balloon payment will be:This amount will be re-amortized over 5 years (60 months) at the same 6.5% interest rate.Monthly Payment for Final 60 Months: $1,541.18Summary of Key Terms:• Purchase Price: $215,000• Down Payment: $43,000• Loan Amount: $172,000• Interest Rate: 6.5% (fixed)Initial Terms (First 24 Months):• Monthly Payment: $1,573.39• Balloon Payment Due at Month 24: $78,556.96Re-Amortized Terms (Final 60 Months):• Remaining Balance: $78,556.96• Monthly Payment: $1,541.18Additional Conditions:1.
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11 January 2025 | 7 replies
Quote from @Keegan Darby: Hi BP - I’m seeking advice on a property I own.
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16 January 2025 | 8 replies
I also can see on apps early on if have a dangerous breed and can put those apps in back of the pile rather then it being a surprise later on.