In addition, property prices and higher mortgage rates have squeezed margins due to higher monthly carrying costs.

Calculating the cap rate (NOI/listing price) is crucial to know what to list at. 

Once in the Embassy it took less than 30 minutes, but the notarizing officer had to ask for 2 witnesses from the people waiting for service there in the lobby.Also, it cost $150 for the Attorney fees in the US to draw up the POA papers.  

Hi All,Trying to understand if anyone else is finding any residential  deals in Nova area and at what cap rates?

We do have access to a HELOC on the property which we leveraged to purchase our current primary residence (balance borrowed has been fully repaid at this point) but we would rather not pull that lever to roll into a new property given current interest rates and the adjustable nature of the HELOC. 

If a seller has a very low interest rate and the buyer can pay more than what it is worth and have no realtor commission, so more goes to the sellers pocket.Subject to has been around for decades. 

Hi Mae--check with Mike & Nicole Borowski at Homestead Realty---they offer licensing at a discount and low brokerage fees which are perfect for an investor. 

And whether they find all of these little issues or not, it will still result in thousands of professional fees and many hours of your time to deal with it.Then you need to look at the other side, if you are mis-stating your tax returns, you will also end up providing bogus numbers to banks (also not a good one to lie to), potential investors, potential buyers, impacting the value of your properties by over stating your expenses...Honesty is a great policy. 

Imagine we reach a time where interest rates are higher so it is harder to get qualified, your HELOC balloon is coming due and they will not renew.I'd put in place some permanent financing on you long-term holdings.

Pay attention to interest rates, fees, loan-to-value ratios, and repayment schedules- Have a clear exit strategy.