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20 February 2025 | 7 replies
Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.
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11 February 2025 | 18 replies
A relative who does long-distance real estate investing told me that I have to sign the final loan document and the transfer of ownership document in person.
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22 February 2025 | 25 replies
Personally, we use Foremost and are very happy with them.
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23 February 2025 | 246 replies
I don't know this person or company from a sack of salt or what they do..
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15 February 2025 | 11 replies
.: This is one I’m considering…they’re active in the local RIA here in Orlando (CFRI.net):https://sdrhouses.com/ I know Rob Arnold (broker) personally.
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20 January 2025 | 9 replies
Just my personal opinion - get a mentor or a person who already has good experience running STR business, preferably in your area (but not 100% required).
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22 January 2025 | 0 replies
However, be cautious—newer “B” properties are sometimes built in “C” neighborhoods, so careful due diligence is required.Monroe: As mentioned earlier, Monroe strikes a balance, making it a versatile option for investors.Trends to WatchTransit-Oriented Development: Areas near light rail expansions are seeing significant value increases.Suburban Growth: The suburbs around Charlotte, including areas like Concord, Huntersville, and Monroe, are experiencing steady growth as people seek more affordable housing outside the city center.When investing in Charlotte, aligning your neighborhood choice with your goals is essential.
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29 January 2025 | 6 replies
But if you put in the effort, Detroit can be incredibly rewarding.Over the last several years, the city has been on a steady upswing: population growth, major corporate investments, and increasing demand for housing are all positive indicators.
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21 February 2025 | 13 replies
I'm now finally here in person, and have started to go view places in person with the intent of purchasing.
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29 January 2025 | 68 replies
All businesses can hit speed bumps during any growth period.