Tyler Condon
Buying a rental property in Kingman Arizona
13 January 2025 | 5 replies
I've never really done a deep dive in analyzing the area because it is a retirement community, median income is very low, and there arent a lot of jobs in the area.
Ryan Cousins
Hold onto a Negative Cash Flow Property?
17 January 2025 | 23 replies
So the choice of tenant would be key.On the flip side, reasons to hold: a very low mortgage rate; probably not the case.
Lisa Albright
Rehab personal home taking funds from rental property equity
13 January 2025 | 8 replies
Consider a HELOC for value-added BRRRRs or flips if you have a low interest rate.
Steven Radolinski
Insights into the Albuquerque Real Estate Market: Opportunities and Considerations
12 January 2025 | 8 replies
It's essential to do your due diligence and perhaps consider investing in more established or upcoming neighborhoods.Property Taxes: New Mexico's property taxes are relatively low in comparison to other states.
Chris Morris
Detroit Wholesalers: Why Do Your Deals Suck So Bad?!
17 January 2025 | 10 replies
It’s just not worth it in Detroit especially with the low price points.
James Colgan
House Hack - Duplex
16 January 2025 | 3 replies
If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage?
Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.
Lorraine Hadden
Will Mortgage Rates Go Below 3% Again?
2 January 2025 | 18 replies
If after interest rates spiked a buyer waited for them to drop back to 7%, they would have waited 21 years til 1993 for them to get that low again.Hope he isn't holding his breath.
Isaac Watson
Top Tips For Purchasing Small Multi-Family Through Creative Financing
12 January 2025 | 3 replies
Meet with a local banker & schedule a time to talk with a mortgage broker, they'll give you at least a baseline of what kind of down payment options and rates are out there.After that, if you're still wanting to research more creative options, do some looking into seller financing (a very hot topic with good, and bad, advice out there), look into private lenders, and commercial financing options.If you're wanting to live in 1/4 of your quadplex, then conventional residential loans may in fact be your best option as you can purchase that with a fannie/freddy loan with very low down, and use up to 75% of the income from the property toward your own income.