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13 August 2024 | 24 replies
Current rates are still allowing for home purchases while making money relatively more expensive overall stabilizing the market by slowing things down in the borrowing / debt sector.
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12 August 2024 | 8 replies
But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less) *new siding 30k (just put on a new roof this year) *legal 10-15k *fire proofing 15k * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home *big grocery store put in 3min away * newly paved road in front of my house *a building that was falling down across the street has been torn down * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.
8 August 2024 | 10 replies
A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to [email protected] and someone will help you.
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12 August 2024 | 12 replies
After the home is rehabbed, rented, and producing month-after-month cash flow, the initial lender refinances the home into a fixed-rate, long-term mortgage using his or her great credit, but both remain on the legal title for the property.
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13 August 2024 | 16 replies
I was recommended by the same insurance agent that I should get more because of my net worth.Do I need landlord insurance on top of home owner's insurance?
12 August 2024 | 1 reply
I'm in the process of buying land, having a builder build a home for sale on that land, and then selling said home for a profit.If I buy the land in my name, get the construction loan in my name, but I want to sell it under the LLC's name, at what point am I would I report the income under the business's name?
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6 August 2024 | 0 replies
Here are 5 tips that I like to share with my new team members to help them succeed.Focus on Building Strong Relationships - It is vital for your success to build strong relationships with your clients, colleagues and managers.
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12 August 2024 | 0 replies
Purchase price: $93,000 Cash invested: $18,000 Sale price: $145,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Lawrence Cosper, purchased a home on W Knoll St, Houston, TX, for $93,000 on 2/18/2022.
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12 August 2024 | 6 replies
I left the single-family home business as a real estate investor back in 2007 when I started investing in mobile homes.
12 August 2024 | 5 replies
288+ pre-foreclosures and 3048+ vacant homes!