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21 January 2025 | 11 replies
My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price).
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27 January 2025 | 12 replies
You want to focus on areas where you have a competitive advantage (you have lived there or you have family and friends there) and then compare those areas against widespread list of great areas to invest.Good luck!
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28 January 2025 | 2 replies
You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.
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29 January 2025 | 8 replies
I'm familiar with the Greenville area, having lived in North Carolina for a few years.
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27 January 2025 | 7 replies
The wear/tear is much less for STR because the guests do not live their full-time.
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21 January 2025 | 14 replies
I live in Sheboygan Falls, WI.
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20 January 2025 | 9 replies
Hi @Rachelle BertumenI live and work in the Truckee/Lake Tahoe area and personally own two long-term multifamily units in Reno.
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25 January 2025 | 29 replies
The calculator is a LIVE excel with multiple tabs and all of them are interconnected, you may mess up a formula and you will see awesome returns inaccurately.
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7 February 2025 | 13 replies
I need a consistent partner who wholesales virtually in the Central Indiana market....Every deal ive ever closed was with someone that didnt live in my market......I am boots on the ground on steroids lol
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22 January 2025 | 2 replies
Cost of living increases are real.