
6 November 2018 | 1 reply
When the time for the Refi comes around on a 1-4 unit property, I was under the impression that the appraisal is not based on how much you have increased the rent during your hold but rather just the typical appraised values of other similar properties in the area (whether it be other 1-4 unit properties or single families in the area) and that the increasing of the rents while holding the property only comes into play when the asset is a 5+ unit property - is this correct?

21 September 2018 | 11 replies
It's unlikely that any actual tax would be due because of the increased $11.18 million lifetime exclusion, but you're supposed to track the exemption used and technically have a filing requirement.
17 September 2018 | 5 replies
Once she is paid off the cash flow is all yours and your P&I payment wont increase because of a higher loan after the refi.It would be nice to no some of the figures .

27 September 2018 | 17 replies
By requesting a jury trial, they increase the amount of risk, time and money involved if the parties do not reach a settlement.

24 September 2018 | 8 replies
This is because it was purchased to be a good home and not necessarily a good rental.If I were to invest OOS:I would not choose the highest cash flow Midwest locals but would look for a location with increasing population and constrained in some way in their RE growth prospects.

24 September 2018 | 6 replies
My question is does it make sense to hold a single family in a market that the rentals are low compared to the sell price and focus on the long term value increasing or should I sell and have a clean start in a new state?

26 September 2018 | 7 replies
We immediately gave 30 days notice that the rent would increase to $300/ month.

9 October 2018 | 23 replies
You can find duplexes in those areas that need some work for around $150-200k that will already be cashflowing and with some renovations can increase cashflow.I've done this and on my first duplex, I was able to get a $25k line of credit which I used to purchase another duplex.

29 September 2018 | 8 replies
That is negative $100 cash flow.To continue to hold, I could refinance to lower mortgage to about $1000, increase rent to $1600, cancel pool service and cash flow about $360.Or terminate lease for a struggling single mom and take the cash to turn into a larger investment.

26 September 2018 | 8 replies
Higher quality laminate will increase the cost, but shouldn't increase the install cost.