Jimmy O'Connor
A Breakdown of Philadelphia Neighborhoods and Values
11 February 2025 | 69 replies
As a parent, and landlord, and previous renter I will always choose to live or rent in the area with the higher rated schools - maybe they aren’t Blue Ribbon Schools, but a C+ rated Elementary School > F Elementary School.
Nicholas McCormick
STR in Bloomington, Indiana?
23 January 2025 | 9 replies
Check their occupancy, nightly rate and amenities.
Alex Schumer
Bookkeeper v. Accountant
12 February 2025 | 11 replies
Statistically, the CPA exam has had a pass rate of 45-55% and the BAR exam has had a pass rate of 40-75%.About Enrolled Agents (EAs):An Enrolled Agent (EA) is a tax expert licensed by the IRS.
Michelle Baldwin
PMS Software to Link 2 Separate VRBO Accounts
9 February 2025 | 7 replies
So for the bookings we get on there, I am invoicing her monthly for the cleaning fees and then 18% of the rental rates for each booking.
Sam Hanaa
Chatting about Windsor,ON
25 January 2025 | 11 replies
It seems like everyone is preparing for a big boost.The current growth rate seems feverish but I've seen a lot of houses going up to prepare for the influx of population.If you have any questions, I'm available to answer them.
Collin Hays
How much will my bank lend me?
12 February 2025 | 2 replies
For example, my bank will sign off on pretty much anything I want to buy with 10 percent down, with a fixed rate at prime, for 5 to 7 years, with a 30 year amortization schedule.
Joshua Telles
Tenant Screening Process
12 February 2025 | 2 replies
The best approach is to set clear, written criteria, and then price the property at a rate that gets you enough applicants that you can find a few who meet your criteria reasonably quickly.
Mitchel Quinn
New to Real Estate, Closing on first Multifamily
10 February 2025 | 10 replies
For a 30 year Conventional loan, I'm at 6.5% rate (6.808% APR) for a duplex, 95% LTV, 780+ FICO, owner occupant.And I'm assuming they're paying $2k of your closing costs - not your down payment.
Sam DiNicola
Advice needed on potential first fix & flip with seller financing
10 February 2025 | 12 replies
You could structure the deal with seller financing to bridge the gap.Possible offer structure:-Purchase Price: $170K - closer to actual value-Down Payment: Low or zero down to conserve cash-Interest Rate: 3%-5% - or better yet, 0% if the seller will agree-Monthly Payments: Interest-only or deferred until the sale-Balloon Payment: Full payoff in two years when you sellIf he wants $200K, you can still make an offer of:-$170K purchase price + $30K as a second lien due at closing-Seller carries $170K at a low interest rateHe would feel closer to his number, but you still keep within reasonable investment limits.2.
Edgar Duarte
should I sell NOW to avoid taxes or hold it for appreciation?
22 January 2025 | 4 replies
Quote from @Edgar Duarte: hi allI would love to get some perspective from your expertise, we have a property that we would have to sell in 2025 to avoid paying taxes on the capital gains, we believe we rcan sell it for $700K and get an equity of almost $500K after paying the mortgage balance, if we invest all of it option in index funds at 7% rate (standard com growth calculator), or in more rental properties as we are all here for, I can get the equity of around $900K.option B would be keep paying the house at 2.3% int rate while we have it in AirBnB and maybe sell it in 10 years for $900K, knowing that we would be paying taxes but it is not that bad still. or we can 1031 at that point?