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14 February 2025 | 4 replies
Compare Loan Terms – Ensure their rates, fees, and terms align with your investment goals by getting multiple quotes from other lenders. 3.
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12 February 2025 | 6 replies
Year long lease typically, with subletting allowed to offset summer months cost to tenant.I worked out some high-level math: Assuming there is a 6 bedroom single family house for sale for 800k, and I can rent for 6k/month.Financing: 350k cash, 450k loan @30yr, 3.8%.Assumptions: 7% vacancy/yr, $4000/yr repairs, $10k/yr property tax, $4k/yr insurance, 8% management fee+50% first month rent on new leaseMonth-to-month breakdown: Income: $6000 Vacancy, Mgmt fee, repair, taxes, insurance: $2300Loan PI: $2650I'd take home ~$1000/month.
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26 January 2025 | 11 replies
It’s good to budget for unforeseen expenses.Regarding PMI, it’s worth discussing directly with your loan servicer since many lenders require holding the property for a period or reaching specific equity thresholds before removal.If market rents are $2,200–$2,500, hiring a property manager could help you optimize rent while taking the burden of tenant screening off your plate.
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6 February 2025 | 9 replies
If you have a buyer's agent, you should have already signed a buyer's representation agreement and that fee/commission is disclosed in that document so you should very well know what that charge will be.If you were the seller and going to owner finance the property, what would you want to see from the buyer that tells you that they will be able to pay the mortgage moving forward.
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14 February 2025 | 8 replies
If you have questions or want to discuss financing options down the line, feel free to reach out.
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4 February 2025 | 3 replies
good area to buy. would love to discuss if you are looking for financing options
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4 February 2025 | 7 replies
Home warranty programs charge a trip fee every time you file a claim, and they use that fee to compensate the vendor.
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5 February 2025 | 8 replies
Quote from @Stepan Hedz: Selling fees (estimate), $30,000, and holding costs?
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9 February 2025 | 2 replies
My guy retired & the flat rate firm I recently used raised their fee to an unreasonable amount.
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4 February 2025 | 3 replies
@Konstantinos Lembesis If you search for posts using the city as your search term you will find many discussions that should give you more context than you might gather with a single post.