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6 April 2017 | 5 replies
It wasn't until after that I learned that there's nothing that forces them to work with me and if they simply wanted to sell the property there was nothing ultimately stopping them.So now I have a BK on my record, and my only options are full reinstatement (approx $260k in arrears, which is not an option), deed-in-lieu where I'd get my monthly payments back (approx $45k), OR I can try to pay back the arrears monthly over the next 5 years (4 now since it's been a year since my BK).My question to this group is this; should I walk from the property and hold only the $110k from not paying my mortgage I have saved + the $45k I'll get back OR should I try to keep the property which is valued at somewhere between $980k-$1.1m, and make payments of approx $10k a month over the next 4 years.With my income, my fiance's income and 1 roommate we'd bring in, we can afford the $10k if we tighten our belts a bit, though it's definitely high.
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11 August 2023 | 18 replies
I just started renting out the front unit on a medium term basis and combined with the long term rent in the back unit, I about break even right now, but could hope to cash flow around $200/month (on the conservative side) once I get more reviews and stays under my belt.
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26 May 2022 | 20 replies
I have heard people reference the "rust belt" which generally refers to the northern states and lower which have a lot of industry, and who's main business is or used to be steel.
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15 August 2023 | 4 replies
I would only have them manage the Reno if they had many completed projects under their belt.
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16 August 2023 | 14 replies
Until you have at least a half dozen of these under your belt, it's best to hire a General Contractor and let them run the job and the subs.
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6 August 2016 | 4 replies
We've got one successful flip under our belts and are ready to build off of that experience.
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16 June 2022 | 9 replies
I am a new investor with one deal under my belt.
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22 May 2021 | 5 replies
Burns’s data.The median listed price for a house jumped 24% in January from a year earlier in the metropolitan area surrounding Allentown, the Rust-Belt city whose decline was memorialized in a 1982 Billy Joel song, according to data from Realtor.com.
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9 August 2023 | 6 replies
I have many construction loans under my belt as a mortgage broker.
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18 June 2020 | 17 replies
I think there's plenty of good options for someone like you who has a bit of experience under their belt and is looking to get into some new strategies.