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16 February 2025 | 14 replies
Does anyone have experience with banks that offer these without fees?
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4 February 2025 | 10 replies
Any suggestions, advice, or experience you could give me.
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10 January 2025 | 21 replies
Also, if a few hundred dollars in draw fees will make your deal go sideways, it may not be the best deal for you, especially as you are just getting started.I'm happy to share my experience as an investor and a mortgage broker.
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1 February 2025 | 17 replies
in my experience doing this in Vegas - the gross rental income is about 50% higher.
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6 February 2025 | 7 replies
She has quite a bit of experience regarding investment real-estate purchases.
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24 February 2025 | 12 replies
I didn't have much money, and not much experience but I used my background in finance to put together a syndication and buy an old office building and drive thru on .59 acres with the purpose of developing housing.My passion was creating housing in a city with under 2% vacancy and skyrocketing housing costs.
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17 February 2025 | 3 replies
Also, at this time I had seen properties selling for 10 – 20% over ask regularly.Interest Rate 30 year conventional 7%Homeowners Insurance = $1,000 annuallyRents = $1,800 per monthWhen I looked at those assumptions, I would need to put down $80,000 on this house to get it to hit my cashflow goal of $500 minimum per month which equates to 35% down.Total mortgage + escrow = $1,267.13 per month with rents at $1,800 my monthly cashflow is $532.87.From my experience, after taking out vacancy and maintenance costs you are left with around 73% of that total cashflow number once the rental is established.People have asked why a $500 per month cashflow goal.
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15 February 2025 | 6 replies
Can you send me a link and/explain from either personal experience or an example of when you seen that happen.
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11 February 2025 | 31 replies
While I know Brandon and his team has experience, the going in cap rate is very low for MHP (I was told mid single digit).
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4 February 2025 | 3 replies
I have 10 years of construction experience and my partner does as well.