25 July 2024 | 8 replies
- Have you stress tested the deal to see how low vacancy could go to still pay your mortgage?
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25 July 2024 | 22 replies
It sits on their credit report for up to seven years. it's a warning to other landlords and prevents them from qualifying for a home loan, car loan, or credit card.I've had some tenants sit in collections for years, then pay everything they owe because it was stopping them from doing something.You should consider a new PM.
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21 July 2024 | 0 replies
He has now asked me to pay the contractors for the first stage, about 24 lots, for dirtwork, sewage, roads, curbs, electric in exchange for some of the lots.
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21 July 2024 | 2 replies
(Our ROI is greatly enhanced by the fact that we are receiving 10% interest on the $615,000 while paying out 4%).3.
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24 July 2024 | 1 reply
You’ll pay a dear price for privacy and security but peace of mind may be more valuable to you.
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24 July 2024 | 4 replies
2. should i try the line of credit and refinance and pay off before the 0%3. any other suggestions?
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23 July 2024 | 0 replies
Rental property income to pay primary residence mortgage.
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19 July 2024 | 2 replies
Mortgage 15/1 arm at $3.375% with max 4% interest increase due 15 years from July 2015 (Aug 1, 2030).Current condo monthly maintenance fee : $1036 includes water, amenities (pool, tennis court, concierge, gym, sauna, community room with pool and ping pong, maintenance)Current monthly mortgage payment: $499 interest, $504 principal Monthly taxes and insurance: $459 monthly contents insurance: $38Past Assessments: $11k for building HVAC upgrades $8k for building updates and building reservescurrent market value $400k - $425kcurrent monthly rental median: $3100-$3200monthly landlord insurance: $45I'm also trying to decide if I should rent or sell and invest elsewhere.Appreciate all insights.
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23 July 2024 | 12 replies
An example would be buying a SFR house in a Class B area for 230-250K that is renting for 1600-1800 range, those are not home run numbers but with low property taxes these are still better deals than what you find in other places.All the best in your search!
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25 July 2024 | 2 replies
Many people outsource this effort to call centers - because they would rather pay to have someone else do that dirty work.