Aking Price : $2.3 millionProperty TypeMultifamilySubtypeApartment BuildingNet Rentable (sq ft)13,400Cap Rate6.11%Pro-Forma Cap Rate 6.70%NOI $140,615Units17Year Built192813 1Bed/1Bath And 4 2Bed/1Bath Unitsin New Jerseyappreciate you thoughtsthanks 

This way you do not have to refinance as soon to recoup your initial capital.I mention a 60/40 split because rates usually do not get any better if you put 50% down versus 40% so it might make sense to save a little.

Yes, you will pay for commissions (which are 100% negotiable)- I like the idea of approaching the agent for the new buy (if in the same area), who might give you a discount on the listing if you also buy from him or her.There are programs out there that help you BUY before selling, they will give you a 20% downpayment and money for repairs on your existing house- you'd have to use an Agent and them that is affiliated with them and they act as the straw man lender- check out Knock.com, Ribbon, Orchard, Homelight, etc- and there are others- I'm not sure which are available to you in California.In most states, homes are sold "As-IS" anyway), and all you have to do if you cannot make repairs is to properly DISCLOSE what you know isn't working, so that buyers can take that into consideration in ADVANCE of contract, in both their offer but also to save them surprises later on which could cause them to back out- if they know in advance and all is disclosed, there's less chance of that happening.

Inventory is now very substantially above the extreme lows seen in recent years, when inventory fell below 1 month for a sustained period.Here are the full stats for Austin and the greater metro:A 30-year fixed rate mortgage is sitting around 7.1% interest, which is down a bit from last month, but still well above where we began 2024.

They can have a month to month now at a much higher rate or a lease that renews until whatever month you think makes sense for you with a significant lease break fee.

Once you answer a few questions about what you're looking for, you'll see your matches and then you can compare everything from their experience, licenses, ratings, reviews, etc.

I have a great commercial rate for my oil and propane which I can pass along to the tenants as they take over their new meters.

I have equity in my property which is in Washington state, and I'm interested in finding an investor who would be interested in loaning me 20k to 30k in exchange for an agreed percentage rate when the house sells (within 10 years).

Cash out refinance is usually recommended if you are lowering the interest rate.

Especially with the sub 4 percent rates last 20 years!