Alan Hicks
Thoughts on Pure Rental, or Fix/Flip ?
5 December 2017 | 17 replies
Originally posted by @Cara Lonsdale:Originally posted by @Alan Hicks:Purchase Price : $135,000Down Payment : $27,000 (20%)Mortgage = $108,000 @ 4.5%Tax = $1874/yearNo PMIMonthly Payment + Tax = $788.05Possible Rent = $1200 ( some houses in same neighborhood are $1300 )Annual over mortgage = $4943 / 27000 = 18% I am not sure you have enough of a spread there to make enough money on a flip to make it worth the flip VS holding as a rental.
Alex Wojcik
Christy Philippoff
Zain B.
Tenant has not paid rent and is not responding to call or text
12 December 2017 | 41 replies
@Cara Lonsdale I have served the 5 day notice.
Antone JAmes
Lenders with non-occupant requirements and low down payment
7 December 2017 | 6 replies
Originally posted by @Cara Lonsdale:You are going to be hard pressed to find any lender who will give you an investment loan for under 20% down.Have you considered house-hacking a 1-4 unit with your VA?
Joe Prenger
first offer, verbally accepted, YEAH! But wait... she backs out
7 December 2017 | 10 replies
Cara and Jay, thanks for the suggestion.
Nav Singh
Mark Wood
Marshall Downs
Help Choosing a Cabinet for a Flip
9 December 2017 | 4 replies
@Cara Lonsdale this is not the floor...we are going to refinish the oak hardwood in a dark stain amnd the countertop will be white quartz.
Derrick E.
New HUD House 37% ROI
12 December 2017 | 16 replies
@Cara Lonsdale Can you please tell me how to read this?