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20 July 2024 | 8 replies
Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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22 July 2024 | 18 replies
I have worked with EasyStreet in the past and have closed loans for my clients using their program.At this time, I am currently using a different program for short-term rental purchases and it has been performing really well this year.
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19 July 2024 | 53 replies
But I always like to point out what I think may be a good alternative for small investors owning less than 5 currently mortgage properties.
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20 July 2024 | 15 replies
If your orders show that your active duty is ending within the next 12 months, a Conventional or VA loan program won't be able to count the current military income to help you qualify.
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19 July 2024 | 4 replies
I’d like to increase my cash flow and one thought is selling them on a wrap.My current P&I payment is $280/month with 25 years left on my mortgage.If I do a wrap at 30 years, 7% the P&I payment would be around 980, giving me $700/month of cash flow and no other costs.Sounds simple, but the devil is in the details.
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16 July 2024 | 2 replies
It's crucial to stay informed about market trends and continually educate yourself on industry best practices.
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19 July 2024 | 2 replies
I currently rent to up to 10 people however, most rentals don’t include more than 4-5.
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20 July 2024 | 9 replies
Currently own one long term buy and hold single family property.
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19 July 2024 | 2 replies
Mortgage 15/1 arm at $3.375% with max 4% interest increase due 15 years from July 2015 (Aug 1, 2030).Current condo monthly maintenance fee : $1036 includes water, amenities (pool, tennis court, concierge, gym, sauna, community room with pool and ping pong, maintenance)Current monthly mortgage payment: $499 interest, $504 principal Monthly taxes and insurance: $459 monthly contents insurance: $38Past Assessments: $11k for building HVAC upgrades $8k for building updates and building reservescurrent market value $400k - $425kcurrent monthly rental median: $3100-$3200monthly landlord insurance: $45I'm also trying to decide if I should rent or sell and invest elsewhere.Appreciate all insights.
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19 July 2024 | 6 replies
Currently, we have about 60 people on the list, but we will likely grow to 500 next year.