
8 June 2024 | 0 replies
North Broward Area (Undergoing Gentrification)Type: Triplex Units: Two /1-bedroom units Current Rent: $1,500 per unit, month-to-month leases Tenant Quality: Great tenants, familiar with the neighborhood, payments made regularly with sufficient funds Potential Rent Increase: Neighborhood improvements and upcoming developments suggest potential rental rates could rise to $1,800 - $2,200 within the next two years Upcoming Development: A new $2.2 million road is being constructed in the cityCurrent Market Value: $680,000Current Cash Flow: $1,500 per unit, 3 units totaling $4,500 per month Condition: Needs some work Price: $435 ,000This property is a prime investment opportunity in an area poised for significant growth and appreciation.What do you think?
8 June 2024 | 2 replies
Once the project is complete, you determine market rate and buy out their share.Let's say it cost $60,000 to build the house and it is appraised for $120,000 after you are done (not including the land, which you already own).

7 June 2024 | 21 replies
With DSCR loans the base rate works off of credit score and LTV, think of an x and y axis.

8 June 2024 | 1 reply
That's with 20% down and a 7.5% interest rate.

7 June 2024 | 4 replies
Take into account elements like the down payment, closing fees, ongoing monthly expenses, and prospective rental revenue.Market Research: Find communities with high rental demand, low vacancy rates, and potential for appreciation by doing in-depth market research around the Portland metro region.

7 June 2024 | 5 replies
Our current interest rate is 4.32% with a 15 year note.

5 June 2024 | 2 replies
We just closed on an all cash purchase via an SMLLC of a SFR at auction (at a healthy discount to market due to distress) that we intend to use as an investment property, and we're looking for guidance on the best strategies for pulling as much equity out of the deal as possible to roll into another property (identified but yet to be purchased).

7 June 2024 | 3 replies
Can I create an LLC and transfer the house to the LLC without changing my current mortgage rate?

7 June 2024 | 15 replies
What was the actual interest rate charged?

7 June 2024 | 14 replies
Since about April of last year rental rates and occupancy has been in the literal toilet.