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16 March 2024 | 4 replies
Hoping the BP community might be able to come up with some solutions with me- ideally we just aren't losing money on the thing, which our payments are $1,200 a month.
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15 March 2024 | 7 replies
You want to look for social media groups where the Admin isn't a digital creator.
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17 March 2024 | 18 replies
For example, on top of down payment & credit score, you also need to factor in the actual DSCR percentage and if there is a prepayment penalty or not.
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17 March 2024 | 12 replies
The difference in his payment was $14.58...Your main focus should be the closing costs.
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14 March 2024 | 4 replies
Couple hundred bucks a door monthly cash flow, double digit ROI, and yes the prices appreciate and you build equity.There are 2 types of people who dog on Detroit..1.
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16 March 2024 | 5 replies
You may need an experience partner, capital or equity partner(unless you have the down payment), a high level contractor prepared for the various building types. rent rolls, proforma for the buildings.
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16 March 2024 | 12 replies
if your mortgage payment net of rent is equal to or less than what it would be renting, it's a better choice.say you could A. rent for $2000, or B. have a $3000 mortgage and collect $1200 in rent.
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18 March 2024 | 35 replies
They qualify you based on credit, down payment + reserves, and the projected rental income.
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16 March 2024 | 3 replies
Probably not an issue for seller financing, but make sure there are no prepayment penalties.You can calculate payment and balloon amount easily enough with excel or google sheets.
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16 March 2024 | 2 replies
However, it is likely that I will want to use my commissions to fund repairs, use as a down payment, or even cover expenses on these investment properties.