
18 April 2024 | 26 replies
Looking at new property your mortgage will be around low 2000s and you currently cash flow 1500.

17 April 2024 | 18 replies
I’d ask the current owners to carry back a mortgage, say you make a down payment and agree to pay them 5 or 6%.

17 April 2024 | 13 replies
TIA I look at these things the most when looking for BRRRR cities - Rent-to-Price Ratio: Look for cities where the average rent is high compared to the average mortgage cost- Population and Job Growth: Focus on cities experiencing steady population and job growth, higher than national average- Availability of Distressed Properties: Look for cities with a supply of pre-foreclosures, short sales, and abandoned propertiesNormally bigger cities in those states should do well, houses are still somewhat affordable (comparatively) and if you do a big rehab it'll pay off

16 April 2024 | 8 replies
My only concern with shower doors is that I've found that most tenants don't properly clean it as they are a bit harder to get into the tracks and everything so there may be a bit more mildew/soap scum build-up than what you would see with a curtain.

18 April 2024 | 16 replies
The most obvious is that you will be able to offset your mortgage with renting out a few rooms.

17 April 2024 | 8 replies
Additionally, we may include clauses allowing for mortgage assignability and a balloon payment extension if the property fails to appraise for a specified price upon balloon expiration.Find below the 3 single-family seller finance deals that have done so far. 1st Deal breakdown: Purchase price: $330,000 Loan amount: $305,000Monthly payment (P&I): $1,181.55/mo40-year amortization at 3.5% interest rate20-year balloon paymentMarket Rent: $2,100/mo__________________________________________2nd Deal breakdown: Purchase price: $200,000Loan amount: $175,000Monthly payment to seller: $500/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,200.Market rent: $1,750/mo__________________________________________3rd Deal breakdown: Purchase price: $175,000Loan amount: $160,000Monthly payment to seller: $437.50/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,400.Market rent: $1,500/moFeel free to reach out if you have any questions!

17 April 2024 | 16 replies
We're not keen on getting a second mortgage.

18 April 2024 | 16 replies
@Joseph Turner, if you're looking to buy in CA areas with high levels of appreciation, I've had clients take out a HELOC or 2nd mortgage and pay back the HELOC or 2nd with a cash out refinance once values appreciate.

14 April 2024 | 5 replies
I have a close Friend in Florida, who needs to have a Reverse Mortgage released.

17 April 2024 | 0 replies
The property is in my name, and I am paying the mortgage.