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7 January 2025 | 16 replies
So in 3 years if you bought a $150,000 house, you would likely have accumulated $12,000 -$20,000 in equity on your $30,000 initial investment - not to mention your tenant paying down your mortgage, plus some really awesome tax advantages (3.3% depreciation, etc.), plus hopefully some cash flow!
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10 December 2024 | 5 replies
Quote from @Hector Espinosa: Hi,I'm negotiating a seller financing deal which may be my first one and would like to ask for some advise about and what are advantages and disadvantages about seller financing deals.These are the seller financing terms:House Price: $330,000.00 USD (Sellers still owe ~$301,000 USD)Down Payment: 5% = $16,500 USDLoan Amount: $313, 500 (Monthly payments will be amortized as a 30 years loan)Interest Rate: 4.531%Balloon Loan Term: 5 YearsMonthly Payment (P&I): $1,594.24Closing Costs: ~$3300 Zip Code: 74105Observations: * HVAC requires an update but pending to inspection (replacing with a new one will cost ~$10,000 - $15,000 USD ) * Expected Rent Income: $2,000- $2,300 but this is has been really complicated to get a good estimate because is all over the place in the different sites I have checked
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28 December 2024 | 8 replies
But it did begin to hit me, this realization, that I had been made a fool and have been taken advantage of.
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24 December 2024 | 14 replies
Are there specific advantages or potential pitfalls I should consider when structuring these activities through my LLC?
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23 December 2024 | 2 replies
Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).
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23 December 2024 | 10 replies
Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).
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1 January 2025 | 36 replies
However when a great property that fits what we like (ugly and a great price where we can use our skills to make it beautiful) comes around that we can take advantage of our position and get it, we want to be knowledgeable about that property type and be able to jump on it.
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23 December 2024 | 15 replies
Investors love to take advantage of this strategy to expand their RE portfolio and have better appreciation potential.
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22 December 2024 | 5 replies
Its also a good idea to build relationships with realtors, contractors, insurance agents, real estate attorneys, and property managers in your area so take advantage of events, conferences, and meetups.
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25 December 2024 | 8 replies
Doesn't seem to be a lot of options around here for that though3) Continuing to rent where we live, and buy a separate property to rent outI personally feel like having my brother to help out as a renter is a huge advantage.