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2 July 2024 | 6 replies
Given your situation and concerns, here's a breakdown of considerations and advice:Pros of Renting Out Current Home and Buying a New Primary Home:Living Condition Upgrade: Moving to a larger, newer home with boutique features can improve your living space.Rental Market: West Town in Chicago generally has a strong rental market, which could provide good rental income from your current home.Portfolio Diversification: Adding another property to your real estate portfolio can enhance diversification and potentially increase long-term wealth through property appreciation and rental income.Cons and Concerns:Interest Rate: The current interest rate of 7% on a new mortgage is high, and there's uncertainty about future rate decreases.
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6 July 2024 | 1 reply
I currently represent Steadily and feel very comfortable using their products with our clients.
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6 July 2024 | 4 replies
Currently only 335k left on the loan but the property at the time of refinancing appraised for about 550k.Are there any options for them to utilize equity maybe or some type of loan program that would put a lien on the property to get the issue fixed?
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6 July 2024 | 2 replies
They are currently offering 14% up to 20% on a particular project they are working on.
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6 July 2024 | 18 replies
Everyone seems to likes the property, sometimes they want something bigger, found something furnished, something closer to school... etc...My question is, as a very impatient first timer, is I'm considering lowering the price but I'm getting solid leads with my current price.
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6 July 2024 | 22 replies
Please chime in if you are currently doing this, or have tried it in the past.
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5 July 2024 | 2 replies
I'm seeking suggestions on how to expand beyond my current investments, which consist of one long-term rental and my current primary residence.Background: In 2020, I purchased my primary single-family home near Camp Lejeune, NC, using a 0% down VA loan for approximately $184k.
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5 July 2024 | 2 replies
My family is currently undergoing a dilemma with a paid off property in San Jacinto, California.
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6 July 2024 | 0 replies
We went for a traditional bank loan and used the equity we had immediately in the property to finance our second home, which we currently live in, but are turning into a rental property.
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1 July 2024 | 1 reply
currently fully rented and waiting to collect!