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30 May 2024 | 13 replies
In some markets you won’t get the higher booking rates and occupancy numbers without a pool (Florida and Arizona come to mind).
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28 May 2024 | 7 replies
Do school ratings matter for SFH?
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29 May 2024 | 10 replies
It can be challenging for 1-4 units depending on the property characteristics, your loss history/other rating factors, and location.
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29 May 2024 | 7 replies
Hey Anne, I'd suggest you do some research on the MTR rental rates and vacancy rates in your target area and understand the costs involved in renovations, financing and property management.
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28 May 2024 | 0 replies
Many homeowners locked in mortgage rates at historically low levels, between 2.5% and 3%, providing a golden opportunity for those refinancing or purchasing homes at that time.
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29 May 2024 | 7 replies
Since there is a lack of regulation, many lenders may change the final settlement statement once all is said and done, which can result in a higher rate, more fees, and/or a reduced LTV.
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29 May 2024 | 36 replies
I’ve contacted banks in regards to Ioans and as you know rates are a bit higher than in US and you have to go through much more hoops to get one.
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28 May 2024 | 8 replies
See below for the numbers:Home Market Value: ~525kLoan Balance: ~476kEquity: ~50kMortgage Payment: $2570Rent Price: $2650Property Manager: 10% (potentially 7% w/military discount from a referral I got)Cashflow: $-185/month, $-2,220/yr1st year Equity Payoff from tenant: $11,561It's a 4 bed, 3.5 bath home built in 2011 that only requires some new paint to be rent ready.
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28 May 2024 | 13 replies
An agent would lose a couple grand servicing the property at that rate.
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28 May 2024 | 11 replies
They are not too far off from a 30 year fixed mortgage, sometimes even the same rate.