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22 January 2025 | 22 replies
So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save?
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7 January 2025 | 5 replies
The quality of available tenant varies drastically depending on the neighborhood.
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24 January 2025 | 5 replies
Across the remaining portfolio, I have a really good amount of equity which I can tap into based on opportunities but need to finish cleaning up my personal debt prior to going that route to get best rates etc.
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20 January 2025 | 7 replies
Real estate is not my of my knowledge base at all but I want to start working on building passive income now (I’m 44).
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21 January 2025 | 11 replies
My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price).
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26 January 2025 | 54 replies
In addition, education can only teach you so much - what type of experience-based learning do you receive when joining these teams?
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24 January 2025 | 4 replies
Real estate is so localized that most federal based policy changes don't have massive influence.I can see him (semi-)privatizing Freddie/Fannie.
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23 January 2025 | 3 replies
I would underwrite buyers based on stability of income, financial payment history & ability to pay.
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19 January 2025 | 8 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
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27 January 2025 | 5 replies
I don't see that happening any time soon based on your 2022 to now trajectory, but you do want to find a way to make it profitable.