Ricardo Lemus
The rent does not cover all
19 January 2025 | 10 replies
The longer term loans would have lowered your monthly payments and decreased the costs.As for rent, each year you need to look at rents in the area to decide how much you will be increasing the rent by.
Brett Riemensnider
Seeking Advice on HELOC’s
13 January 2025 | 11 replies
A lot of local banks tend to have 1-3 year intro periods of lower interest rates for HELOCs, check with some yours.
Fernando Martin-Gullans
Help me use my equity to scale my portfolio
10 January 2025 | 3 replies
This allows you to access funds while keeping your existing mortgages intact.Second Mortgage: Explore lenders who offer second-position loans on investment properties, though rates will be higher.Cash-Out HELOC : While traditional banks often restrict HELOCs on non-owner-occupied properties, some portfolio or private lenders may offer HELOCs for investors.With $15-20K in liquid funds, look for deals where you can negotiate terms:Seller Financing: Negotiate lower down payments or interest-only periods.Subject-To Financing: Assume the seller’s existing mortgage while covering the down payment.Lease-to-Own: Lock in the purchase price while using rental income to build equity.
Carlos C.
Mark J. Kohler consultation
29 January 2025 | 20 replies
I might put 2 o 3 properties per LLC to lower the amount of LLCs and fees.Question: Why is preferred to use a warranty deed, instead of a quit claim deed?
Brendan Jones
First property advice
9 January 2025 | 9 replies
MTRs often have lower management demands compared to platforms like Airbnb while still generating higher returns than long-term rentals.
Dylan Gomez
Inherited a property and remodeled it now its ready to sell
28 January 2025 | 11 replies
Additionally, timing the sale in a lower-income year or exploring potential deductions could further reduce your tax liability.
Paul Lucenti
Strategic ways to scale
23 January 2025 | 8 replies
@Paul Lucenti It is common to equate acquiring more properties to scaling and many rely on buying lower tier market/neighborhood section 8 rentals to achieve this goal.
Caitlyn Drapeau
Best skip tracing services?
18 January 2025 | 15 replies
Compared to other services that might offer lower-quality leads or require higher upfront costs/paywalls, Prime Tracers also give you free lead credits on sign up so you can actually see the results before you commit to a purchase.
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
When I asked them why they lowered it they stated cause they wanted to lower their exposure to the market.
Zach Rumfield
What does it mean when the MLS says a Single-Family sold for less than $5,000 Dollars
7 January 2025 | 5 replies
Basically, lowering the sale price as long as the buyer pays all the owed taxes as well.