1 May 2024 | 7 replies
Any pointers on how should I run numbers to compare two cases.Case 1: Rent home A, Buy Home B @7.5%, with potential refinance at 3.5-4% ( ifff thats feasible ) after 2 years, once the rates are down. ( i know high hopes , but I dont think 7.5% is the new normal ).Case 2: Sell the home, get equity out, pay the whole equity ( dont know if thats wise ) towards downpayment of home B, reducing loan amount to approx 320k.
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2 May 2024 | 3 replies
Step 1: Increase income, decrease expenses.
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30 April 2024 | 9 replies
Hi all, I was wondering as a commercial property owner how to effectively challenge or reduce property tax hikes?
2 May 2024 | 17 replies
If I calculate my actual cap rate after 6 months by using their convention (Subtracting insurance, tax, property management from gross income) numbers match, thus I am getting what was promised on my proposal.
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2 May 2024 | 8 replies
Prior to about 15 years ago the PM used to call with a rundown of the applicant’s credit, income and any relevant facts and I would approve or deny.
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1 May 2024 | 9 replies
In my opinion however if I have to worry about the tenant tamping (on what could be a locked box) to reduce their <$200 power bill, I probably have bigger tenant problems.
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2 May 2024 | 8 replies
With housing prices skyrocketing, the increasing cost of raw components and lumber, and labor shortages, the idea of owning a piece of income property is just not in the cards anymore for many individuals.
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2 May 2024 | 15 replies
In case helpful, more info on DSCR loans:DSCR loans won't use your income to underwrite the loan.
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2 May 2024 | 6 replies
Beware of incoming phone calls.