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1 August 2024 | 6 replies
However if you want to generate more cash flow putting 15% down will help you because not only is it a lower montly payment but when you hit 20% equity they will remove your PMI.If you put down 5% I would stronly encourage you living in the Airbnb if possible and renting out the home so you can generate even more incomeIf you look at it like this it'll helpMonthly payment < Potential income + current rentIf you can move and reduce your cost of living that is always great at the bare minimum they should equal each other in my opinion because at least you'll have equity if the market you are choosing is a strong equity market.
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2 August 2024 | 8 replies
My plan is to utilize the 5% down payment available through conventional loans.I would essentially mega-commute for the first year or two, working about 10-day stretches and then having equal time off, using my PTO strategically to gain more time off.
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6 August 2024 | 54 replies
To that end, the one factor that kills long-term profitability is turnover so even if we raise rents less or equal to our cost increases, that still benefits us in the long-term even if in the short-term our NOI might dip a little.
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1 August 2024 | 23 replies
Yes, so, knowing the capital costs of a getting a deal close to close is vital.
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1 August 2024 | 6 replies
Then you get a call from Pro Seniors or Housing Opportunities Made Equal.
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31 July 2024 | 40 replies
The difference in this portion of the execution can be $30k-$60k/yr more money in your pocket vs. that of our competition all other factors equal (such as the property size/location).Next, to drive costs down, I co-host (only for clients) at 15% which is 5-15% less than the large PM firms.
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31 July 2024 | 0 replies
Installing effective software for simplified documentation is critical for organizing and managing the massive amount of data involved in the due diligence process.Physical property inspections and unit walkthroughs are equally crucial as financial due diligence.
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29 July 2024 | 0 replies
While the overall real estate market fluctuates, pinpointing specific trends within the land investment sector is vital.
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31 July 2024 | 3 replies
The influx of remote workers from both coasts to the Midwest for the lower cost of living, friendly people etc makes me think that Midwest prices will at least equalize with the US average over the next decade or so.I also agree with the challenges.
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1 August 2024 | 9 replies
If you purchase within 6 months, do a DELAYED Financing, which allows you to access 80% LTV of purchase price with terms equal to a purchase (better rate than refi).