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25 June 2024 | 6 replies
The numbers give you a range of values for discussion/negotiation purposes, but in reality a deal like this isn't a market rate deal because there isn't a broad "market" for a property like this.
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24 June 2024 | 4 replies
Hi ALL,Just reaching out to see if you can give me some insights on Charlotte Michigan, Small City close to Lansing MI (21 Mil), I'm researching a Multifamily building, My concern is that there is 9,000 plus population only, I see articles that show is a good rental market, but it will be grate if anyone that knows the area can have some feedback as far is Schools, Crime rate, Economy and so on.As always, thank you guys, have a great day!!!!
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24 June 2024 | 5 replies
That property would never cash-flow with today's interest rates.
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24 June 2024 | 13 replies
There are conventional loans as well with low down payments and the PMI falls off once you reach 20% equity.In this higher interest rate environment, lower down payments does make it harder to cash flow, so just keep that in mind.
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24 June 2024 | 20 replies
While waterfront properties often command higher prices, higher potential rental income, and higher appreciation rates through time, they also come with significantly higher upfront costs and huge maintenance expenses.
25 June 2024 | 15 replies
One of which you mentioned, PM Fees, but it will also have other expenses such as repairs, improvements, utilities, etc.Therefore, your cash-flow will be several percentage points in the negative.Should you invest?
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23 June 2024 | 25 replies
However, the home is in an A-class area that is rapidly growing and could prove profitable once the property could be refinanced at a lower rate.
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24 June 2024 | 13 replies
Local markets are impacted more strongly by local factors than national ones such as changes in interest rates. 2.
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24 June 2024 | 2 replies
Next stop, city hall, so yea they charge landlords fees for AirBNB.
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19 June 2024 | 9 replies
Almost every house I look at has rental rates that would be equal to or less than what the monthly mortgage would be.