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23 January 2025 | 26 replies
If so what are the interest rates on those debts?
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7 February 2025 | 9 replies
They offer an all in one policy, and also had a great rate compared to the others.
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6 January 2025 | 2 replies
I'll message you directly a discount link to try it out.
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7 February 2025 | 22 replies
It is in the area that has decent short-term rental rates based on airdna and what property managers are seeing.How much more in maintenance have you all noticed on a short-term rental versus a long-term rental?
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28 January 2025 | 4 replies
Congratulations, you get to share your partners tax burden and pay the depreciation recapture at ordinary income rates.
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12 January 2025 | 6 replies
., costly to maintain), they may be open to a discounted or creative arrangement.2.
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22 January 2025 | 31 replies
You also need a good source to acquire the properties at a discount.
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22 January 2025 | 1 reply
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.
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23 January 2025 | 5 replies
If you're goal is a long term hold, you're almost certainly going to do well even with a market rate deal in any of those states.
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22 January 2025 | 12 replies
Unfortunately, given current and foreseeable prices and interest rates, I will not be in the position to buy anything else anywhere I’d want to go.