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24 January 2025 | 4 replies
Set up a Joint account with the seller so you can make deposits to continue the automatic payments to the lender until you refinance the property.Thanks,Dustin
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22 January 2025 | 6 replies
When revenue is low in the first couple of year, so is the interest payment.
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19 January 2025 | 56 replies
@Andrew Lanoie I apologize for my remark.But our investment is 40 times the monthly payment.
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29 January 2025 | 8 replies
If there are no other red flags on the tenancy (i.e payment issues, lease defaults) I would still renew tenants (even if they are a little corky!)
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28 January 2025 | 8 replies
Should it simply be left in a trust and payments made to the trust?
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12 January 2025 | 8 replies
This isn't 2011-2013 days but many people are stuck in that time period STILL.As I finish my licensing study, I'm very grateful I chose this route as opposed to being a one trick pony.Wholesalers did themselves in by their method of operating.
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22 January 2025 | 10 replies
Rentals also build equity through tenant payments and appreciation, with profits taxed at lower long-term capital gains rates when sold.
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5 February 2025 | 29 replies
.- There is no discount or created equity over and above the amount that is used as the down payment for the home.- The management company charges a management fee of 10% - 15% which can be a little higher than average property management companies, but that cost may be offset by higher quality of services.- The management company also charges for other services such as fee for coordinating maintenance and repairs, and turnover and releasing.
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21 January 2025 | 6 replies
The appraisal district shortly thereafter corrected the tax allotment “anomaly” between the two lots, but the investor never made a tax payment and eventually lost the lot to a tax foreclosure.
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20 January 2025 | 7 replies
Try to put a bigger down payment in than you might need to give yourself some breathing room.2.