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20 July 2024 | 59 replies
I use numbers I can quantify, purchase, renovation costs, actual rent, tax, PITI, property management, principle pay down.
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19 July 2024 | 100 replies
Regarding a listing agent showing a property to an unrepped buyer and potentially triggering what is called "implied agency": this is when an agent performs agency duties for a principle (buyer in this case) who they don't have a written agency agreement with, and establishes an agency relationship through their actions: https://www.prepagent.com/article/creating-agency-relationsh...Hope that helps!
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14 July 2024 | 9 replies
@Redgy Saint-Germain I'm currently in the process of a 203k loan and my mortgage officer said they would apply the left over balance to my mortgage balance as a principle payment, but the monthly payment would stay the same.
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15 July 2024 | 10 replies
I do love the work ethic, side hustles are a great way to add income and make it faster to invest.
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16 July 2024 | 41 replies
Paying $40,000 for “mentorship’s” which teach you nothing about real estate principles, real estate finance, or real estate law3.
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15 July 2024 | 19 replies
Then we need to do a lot of education and damage control.Needless to say, there are many ethical and investor-friendly realtors out there (especially here on BP :).
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14 July 2024 | 27 replies
AND this doesn't include the increased principle paydown I also have with a loan that has already amortized for 2 years!
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13 July 2024 | 0 replies
It's about taking control of your business's direction and ensuring it aligns with your core principles and objectives.So with that I challenge new members of the community like me to just define your goals privately or publicly if you’d like!
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17 July 2024 | 37 replies
If you go this route, seek recommendations, research the principles and take your time with due diligence before investing.Another option could be getting into multifamily properties where your expenses will all be under 1 roof.Lastly, if you decide to sell the 2 properties, connect with a 1031 exchange specialist before selling to uncover the tax implications.All the best!
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12 July 2024 | 10 replies
Our housing expense saved is $1,359 or $16,308 per yearThis makes our Total Net-worth ROI (NROI) much higher.NROI= ($9,556+$16,308) $75kNROI= ~34.4%These numbers will only get better if/when we are able to refinance to a lower rate and more principle pay down.Any other successful house hackers out there?