Davin Pauline
CPA or financial advisor for tax advise and which house to pay off sooner
16 September 2024 | 12 replies
With savings rates so high I'd save in a money market mutual fund until I had enough to get rid of PMI on my primary.
Billy Knox
Why use a Real Estate Agent?
20 September 2024 | 73 replies
For new or inexperienced home buyers or sellers who need hand-holding through the process an agent might be beneficial.
Ryan Dragon
When is it time to move up
16 September 2024 | 9 replies
Given that your equity has doubled, it’s worth evaluating if your current property is underperforming based on the equity you’ve built.Formula:ROE = (Annual Cash Flow / Total Equity) x 100If your ROE is relatively low, it might be more beneficial to sell the property and invest in a higher cash-flowing market.2.
Palmer Thomas
Using paid off rental as down payment for DSCR loan
16 September 2024 | 8 replies
In your case, this might be beneficial given the uncertainty of finding another deal in the near future.
Felicia West
Downpayment amounts - 20, 25 or 30%?
15 September 2024 | 19 replies
That’s what I was thinking that putting more down might be beneficial if the lender offers discounts on rate.
Gene Battle
Cost Segregation Company
12 September 2024 | 7 replies
First, have a conversation with an accounting firm to see if a cost segregation study will be beneficial to you.You don't want to spend money on something where you won't get a benefit from.
Joshon Foster
My name is Joshon Foster
11 September 2024 | 8 replies
Section 8 and multifamily are not mutually exlusive.
Piper Pepperidge
Best cities/ markets to flip in NYC / NJ area?
11 September 2024 | 11 replies
Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.
Nakul Patel
Looking to buy investment property
13 September 2024 | 16 replies
It's beneficial to target both Section 8 tenants and self-pay tenants.
Masyn Grant Barney
Small Multifamily Only Works 1 of 4 Ways Right Now
12 September 2024 | 32 replies
So, I believe some of the fundamentals of larger multifamily (increasing NOI via increasing revenues or decreasing expenses) are beneficial to smaller multifamily although the ultimate value is not determine by NOI, but by comps.