18 October 2024 | 34 replies
To be honest, this feels overwhelming, especially knowing I couldn’t pay it all off quickly if I had to.Out of that $900K, about $500K is tied to 30-year mortgages on my rentals, with interest rates ranging from 2.99% to 4.375% and 400k on primary at 6% 30 year.My total monthly mortgage payments are $5,500 on my rentals, and my long-term rental income is $6,850, giving me a monthly surplus of about $1,300.
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17 October 2024 | 12 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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18 October 2024 | 7 replies
I appreciate the advice everything has been a little overwhelming.
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21 October 2024 | 13 replies
I am feeling overwhelmed and have many questions.
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19 October 2024 | 16 replies
Obviously, multifamily has so many more advantages than a Single family home, but can have more barriers to entry.I would start by learning the business, learning how to syndicate and use seller financing, and then focus on two things if you want to invest in multifamily: Sourcing capital and sourcing deals.More units allows you to hire staff and create some economies of scale.
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17 October 2024 | 19 replies
I've found including these terms in my lease as a clause is easier (too many addendums can become overwhelming).
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19 October 2024 | 30 replies
However I am overwhelmed right now with a recent lead case in one of my rentals.
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15 October 2024 | 2 replies
Someone you can trust.Start small – Aim for a light cosmetic flip on your first go so you don’t get overwhelmed with a full rehab.Hit me up if you need anything.