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22 January 2025 | 0 replies
Here, we’ll break down what mortgage recasting is, how it works, and who can benefit from it.What Is Mortgage Recasting?
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26 January 2025 | 2 replies
You’re trying to ruin the biggest benefit of the life in flip.
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24 January 2025 | 4 replies
Tariffs on goods and potential reduced labor force (illegals being deported) to build.I can't see changes in S8 benefits.
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22 January 2025 | 0 replies
Future enhancements include the planned Silver Line rail alignment with nearby stops, as well as potential commuter bus services, pedestrian paths, and bike lanes.The development benefits from proactive rezoning by the city, transitioning the land from industrial to mixed-use urban development.
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30 January 2025 | 3 replies
Seller will be taking a 30k+ loss with this route.325k with 50K down to seller, 3 years of payments $1600/month, and a balloon payment of 215k at the end of 3 years.Benefits to me: (1) 10k less downpayment, (2) with the conventional route, the loan would be at 228k after 3 years of payments, so I will gain additional equity with the 2nd option since I will owe 215k (presumably I will have to refinance at that time).Benefit to seller: she gets over asking price, 50K upfront and $300/month of cash flow.Does this offer and structure sound reasonable?
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8 February 2025 | 18 replies
One huge benefit of a private/HML loan is the strength of making an offer when competing with cash buyers.
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22 January 2025 | 4 replies
Selling now prioritizes liquidity and growth opportunities, while holding benefits from long-term appreciation and rental income.This post does not create a CPA-Client relationship.
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19 January 2025 | 6 replies
I mainly want to ask if these assumptions are reasonable and if there's anything I haven't considered:(1) multifamily units in NJ close to New York City, ~$1,000,000, 20% down payment, (2) Using the following assumptions: 4% appreciation rate, 6.5% interest rate and 5.0% refinance after 5 years, $10,000 yearly maintenance fee(3) ~$6,000 monthly rental and assume 3% increase yearly with 5% vacancy rate(4) Based on the above, the calculated IRR if selling at the 10th year is ~19% (considering tax benefits) and ~17% (without tax benefits).
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23 January 2025 | 3 replies
My goal is to offer an affordable monthly payment that competes with renting a comparable property and offers a benefit to paying a bit more to "own".
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22 January 2025 | 12 replies
“A new Michigan law bans many landlords from rejecting tenants based on source of income, like housing vouchers, veterans’ benefits or Social Security.Gov.