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5 February 2025 | 13 replies
Give me a shout if you'd like a rate quote for your DSCR loan.
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31 January 2025 | 8 replies
From my understanding, no one is employed, they are somehow current with the rent, but they are definitely not someone I would offer a new lease...not even at market rate.
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23 January 2025 | 8 replies
If any short term financing, risk adjust upwards another 2% points on the interest rate.3.
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10 January 2025 | 0 replies
New inventory and relisting rates have actually declined month over month which is allowing to pricing to remain elevated.
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11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
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16 January 2025 | 11 replies
Even though interest rates are high, we have a big Mircron plant coming here as part of the CHIPS act so that could boost housing demand in the coming years.I don't know the SYR market, but I did a quick search for duplexes somewhat outside of the city, and found this: https://www.realtor.com/realestateandhomes-detail/7300-Lakes....
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29 January 2025 | 6 replies
You need to review your lease. tenant may be responsible for interior, but common areas and building facade should be LL.what is the current rate?
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19 January 2025 | 3 replies
However, the rental value this area is very low compared to the Home values and mortgage rate.
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29 January 2025 | 8 replies
If you own this as a rental then there is not homestead exemption and you'll pay much higher tax rate than a resident/owner occupant in SC.
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17 January 2025 | 23 replies
So the choice of tenant would be key.On the flip side, reasons to hold: a very low mortgage rate; probably not the case.