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1 March 2024 | 8 replies
Also don't forgot there is tax on capital gain for over $500,000 when house is sold, andclosing costs typical goes around 5%-6%.So unless home appreciates A LOT, it doesn't seem to make sense to own a property as long as you are paying mortgage with interest, unless one can pay it all back in much shorter term (10 years or less).
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3 March 2024 | 8 replies
If you have the time it's worth looking into doing the typical deals discussed on BP forums like fix and flip, BRRRR, airbnb, etc.
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2 March 2024 | 16 replies
Typically, maintenance & repair expenses may eat up the couple of thousand you earn annually in the early years.
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2 March 2024 | 6 replies
Typically people looking to rent a property are not going to buy a property from what I found so the first option probably is not the best.
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1 March 2024 | 19 replies
Travel costs will vary, but flights from NYC to Florida are typically affordable.
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2 March 2024 | 2 replies
These loans typically have competitive interest rates and terms, similar to a HELOC.
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3 March 2024 | 36 replies
Wow thats great information...essentially only a sliver of your overall transactions could be your own.
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2 March 2024 | 2 replies
These loans typically have lower interest rates than other types of financing which is still saying something currently given that you can get a 6.5-7% conventional loan vs. an 9.5-14% loan using a DSCR or HML.
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4 March 2024 | 59 replies
However, as your portfolio grows, a CPA becomes more essential to ensure tax compliance and optimize your returns.Don't worry about finding a RE CPA to work with right now.
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2 March 2024 | 1 reply
Typical deal is to buy a property for $2-3 million, put $1-2 million into it, all in for $3-5 million, stabilized asset is worth $13-17 million.