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25 February 2020 | 31 replies
Income must be 3 times the rent, good references, 60 day notice before moving even with the lease expiring, 3 percent increase yearly.
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9 March 2020 | 122 replies
I'm having difficulty even finding a property that will meet the 1 percent rule.If I fully finance the entire deal, I could just do one single family property.
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25 February 2020 | 8 replies
It would be likely considered a MATERIAL CHANGE in the center in the lenders eyes unless maybe this is a 100k sq ft plus type center where 3k only equals a few percent of total GLA.Why should the tenant pay you more money to get more profit when they do not have to per the lease?
20 February 2020 | 5 replies
A lifetime of education never hurt anyone.
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19 February 2020 | 4 replies
If you're getting 6% for a shaky neighborhood with lots of risks, then this return might not be worthwhile.The ONE percent rule.This is a general rule of thumb that people use when evaluating a rental property.
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28 December 2021 | 55 replies
Certainly gave a lot of clarity .I was having issues cash flowing with a 25 percent down mortgage in Orlando.
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21 February 2020 | 19 replies
You may need 75-80 percent occupancy though.
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20 February 2020 | 2 replies
Here are some code excerpts:31-17-1 (M) "Primary mortgage loan" means any loan primarily for personal, family or household use that is secured by a mortgage, deed of trust or other equivalent consensual security interest on a dwelling as defined in Section 103(w) of the Truth in Lending Act or residential real estate upon which is constructed or intended to be constructed a dwelling;31-17-8(M)(4)(4) Require the borrower to pay, in addition to any periodic interest, combined fees, compensation or points of any kind to the lender and broker to arrange, originate, evaluate, maintain or service a loan secured by any encumbrance on residential property that exceed, in the aggregate, six percent of the loan amount financed, including any yield spread premium paid by the lender to the broker: Provided, That reasonable closing costs, as defined in section one hundred two, article one, chapter forty-six-a of this code, payable to unrelated third parties may not be included within this limitation: Provided, however, That no yield spread premium is permitted for any loan for which the annual percentage rate exceeds eighteen percent per year on the unpaid balance of the amount financed: Provided further, That if no yield spread premium is charged, the aggregate of fees, compensation or points can be no greater than five percent of the loan amount financed.
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19 February 2020 | 0 replies
Zillow also projects that between 2019 and 2028 there will be 7.4 percent more people turning age 34, the median age for a first-time home buyer, than in the previous ten year period.
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20 February 2020 | 3 replies
(I.e. if I was able to find $50,000 of capital via friends and family, can I charge a percent of that as a sort of finder’s fee?)