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29 January 2025 | 10 replies
@Matthew Posteraro That's a solid plan.
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15 February 2025 | 19 replies
One thing to note is that I wouldn't plan for appreciation.
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14 February 2025 | 5 replies
With proactive planning, they should be able to close on replacement properties within the 180-day period.
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9 January 2025 | 5 replies
If you elect to use a VA loan, that typically means you don't plan to put any money down.
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20 February 2025 | 4 replies
If you move title to the property into a trust for the seller's "Estate Planning purposes", you still need the mortgage company's approval.
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5 February 2025 | 5 replies
@Jordan Miller - I think to give proper guidance it would be good to share more details on the revenues and expenses on the property.
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20 February 2025 | 2 replies
The long-term moves are to get a concession to buy down the rate for good (not a 2-1 or 3-1 buy down), it's a smaller number (i.e. .25% or .5% decrease on the rate), and getting their full closing costs covered is money out of their pocket today they'll be saving that could be huge to give the buyer more money for repairs and/or furniture along with just life expenses.
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21 January 2025 | 9 replies
A little about me for context: I live in a very expensive market in Rye,NY.
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25 February 2025 | 1 reply
So, if interest rates are a buyer’s primary roadblock, then I recommend negotiating a rate buydown at a seller’s expense or looking at new construction, where builders are offering rate reductions and other substantial incentives.What if I’m a seller?
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24 February 2025 | 11 replies
It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.