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7 August 2024 | 3 replies
It's a hybrid deal because the seller will also do seller financing for $83K of the equity at 0% interest rate.Here are the numbers:PITI (VA Loan) monthly payments of $1,203 with a loan balance of $203,000Seller financed at 0% $83K with monthly payments of $300Total monthly payments: $1,503Monthly rent: $1,950Down payment: $35KThe house was built in 2005 and it's spacious.
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6 August 2024 | 17 replies
We have a duplex and a lake townhouse that we rent long and short-term out of state so we have some experience as landlords.
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7 August 2024 | 13 replies
With my background as an electrical contractor, flipping seems like a natural choice, however, I'm also interested in BRRRR as I'd like to hold some properties and rent them out.
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6 August 2024 | 2 replies
I live in California and rent an apartment.
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6 August 2024 | 4 replies
I do not need a big pitch deck put together - if I need more info I will ask for it but typically first thing I ask for is the proforma - what are the assumptions and review them to make sure they are realistic.Saw a deal about six months where the rents were $600 and they were forecasting $750.
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6 August 2024 | 3 replies
Situation: I own one property that is currently rented until April 2025 in a different school district.
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6 August 2024 | 9 replies
The property is in a rough neighborhood, but after some repairs it should rent 1200 per unit for 2400 total.
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6 August 2024 | 29 replies
Higher rent- We have had 10 to ??
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7 August 2024 | 6 replies
Those are intended to be short term loans though, so either you fix it up and sell it (flip) or rent it out and then refi into a longer term loan (like a 30yr fixed conventional).