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Mortgage rates jumped by more than 0.25 percent on Friday - wrong way Mortgage News
6 October 2024 | 3 replies
If this happens again with the most recent report, it could indeed alter market expectations for the Fed's mid-term trajectory, potentially putting aggressive rate cuts back on the table.In the short term, though, the market reacts strongly to the initial data, and the Fed remains in a "higher for longer" stance regarding rates.
Shelby McKean
Thoughts on Turnkeys?
14 October 2024 | 31 replies
Hello @Shelby McKeanThere are REI opportunities in different markets - markets in the Midwest and Southeast of the country are great - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.
Don Konipol
10 Most Common Incorrect Beliefs by Inexperienced RE Investors
9 October 2024 | 21 replies
One guru states, generally 90% of his students do NO business whatsoever and about 8% do one deal before quitting, with the remaining 2% doing "okay" to doing "well".
Matt Boerlage
Texas Operating/Management Agreement for single member LLC
7 October 2024 | 7 replies
There is no real good substitute for a well drafted operating agreement, but if you are doing long term rentals in TX then the OA should remain mostly unchanged once you have a good one.
Rohit Dhing
First flip / Dallas, TX / Need advise
7 October 2024 | 3 replies
Hello, fellow RE family.I just completed my first flip in Sachse, TX (a suburb of Dallas) and only have a few final touches remaining, with the decision on SOD being a high priority.
Magaly Wilson
Creative Financing looking for advice to pull equity/refinance
6 October 2024 | 1 reply
You could also consider seller financing, where you work out a deal with the sellers to pay off the remaining mortgage balance while securing the deed.All these options would help you avoid the risks of not holding title to the properties while also giving you access to the equity you've built.
Jon Zhou
Ashcroft capital: Additional 20% capital call
9 October 2024 | 312 replies
In each case, we reduced the pay rate and deferred the remaining portion of the foregoing interest until payoff.
Lexie R.
New to Landlording and Perplexed
10 October 2024 | 24 replies
If they remain to be difficult and unresponsive after providing proper notice and communication, then maybe it's time to give them a 30-day notice to terminate their tenancy so you can do the repairs needed for your property.
Ian Bower
DSCR Loan Fees - More than expected... is this normal?
11 October 2024 | 27 replies
I would look more closely at the rate and PPP period if the fees remain the same from lender to lender.
Brandon Craig
Should I sue?
7 October 2024 | 12 replies
These remaining assets will be owned free and clear, without any mortgage debt, and will begin generating consistent cash flow, which will be directed towards regular investor distributions.This transition represents a significant milestone in our strategy to streamline the portfolio, reduce risk, and ensure healthier returns for you all.Looking AheadAs always, we appreciate your trust and confidence in Poly Capital Group.