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23 May 2024 | 7 replies
Moreover, new built homes are underpriced with so many incentives like rate buydowns, flex cash and cash off the purchase price.
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23 May 2024 | 1 reply
Individuals overwhelmed by debt may need to liquidate their property to pay off creditors.Divorcing CouplesDivorce often necessitates the sale of shared property to divide assets quickly.
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23 May 2024 | 4 replies
I would also not keep the cameras when a tenant moves in, not sure if that's allowed but even if it is that would be weird and scare off people.
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23 May 2024 | 5 replies
Hello,I am a young investor looking to get knowledge on how to utilize seller financing to obtaining 2nd rental property.I bought 1 single family home in Tilbury, Ontario in 2021 and it is not cashflowing AND not able to sell right now as locked in mortgage until 2027.I do have some cash, but not enough for a 2nd property, and I seen plenty of off market seller financing - but I just don't understand the whole seller financing business to obtain.
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23 May 2024 | 5 replies
My biggest regret is not signing up to get locked into 20% off annually.
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24 May 2024 | 6 replies
This house currently has no renter though they are actively looking to put one in the home.House 5. rents for $725/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $275/m after mortgage payment are made.House 6. rents for $725/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $250/m after mortgage payment are made.To be able to make this down payment I have the option to:HELOC my current home which cost me about $850/m in repayments OR I can find a hard money lender who would be interested in working with me, I am currently putting together a hard money lender proposal to show a couple family members that would basically look like this: No repayment in the first 12 months, all income going into an account to allow for repairs and emergencies, after that taking the cash flow and splitting it 75/25 to the lender paying it off in approximately 13 years, sooner if we can make extra payments on it and giving the lender an 8% return on his money(about .5% less than what I was quoted for my HELOC).ORI can potentially do a deal with my brother who is also looking to get into real estate and we split the properties 3 a piece.These properties are right outside of a military base in a low income city but have done well for the family currently owning them with consistent long term renters in them.I am looking for any advice as to whether or not this is a deal worth pursuing.
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24 May 2024 | 10 replies
I have no credit debt and $12,000 of student loan debt I'm looking to pay off within the year.
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20 May 2024 | 6 replies
With everything rented I would take in about 35k....but that was a long way off.
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23 May 2024 | 16 replies
I don’t see any negative impact of leaving her off the lease, but wondering if there’s something I don’t know.?
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23 May 2024 | 52 replies
the buyers might have walked off more because of demeanor than issue?