
21 March 2024 | 7 replies
That's one of the ways in which those projects are able to provide services to a higher density of units...individual City services are typically not feasible for these projects because they won't meet City requirements for access maintenance etc.

21 March 2024 | 1 reply
Appraisal came back low, but we were able to fix with the listing agent.

21 March 2024 | 0 replies
Over the span of 5 years you will have paid $77,220 towards rent.However, you're $22,500 downpayment invested into the S&P index fund at our assumed rate of 10.13% compounded annually will be worth $36,236.48Leaving you a net living cost of $36,236.48 - $77,200 = ($40,963.52)Overall numbers after 5 years of house hacking:Expenses include: Principal, Interest, Taxes, Insurance, Repairs/Maintenance, and Private Mortgage Insurance.You will have paid $164,239.76 towards your principal and interestYou will have paid an estimated $20,914 in property taxes and insuranceYou will have paid $5,400 in private mortgage insuranceYou will have paid an estimated $10,859 towards repairs and maintenanceFor a total expense of: $164,239.76 + $20,914 + $5,400 + $10,859 = $201,412.76However, here are the positives to your net worth: Appreciation, Loan Paydown, Rent payments from TenantsYou're home will have appreciated to an estimated value of 560,7812 an increase of $110,782You will have paid down your loan by $26,742Your tenants will have paid $154,439 in total rentThe total benefits add up to: $110,781.87 + $26,742 + $154,439 = $291,962.87House Hacking net worth boosters minus expenses = $291,962.87 - $201,412.76 = $90,550.11(The home equity for year five is calculated using the downpayment + appreciation + loan paydown)House Hacking Vs RentingHouse Hacking net worth after 5 years: $90,550.11Renting net worth after 5 years: ($40,963.52)Leaving you a net worth benefit of $90,550.11 - ($40,963.52) = $131,513.63Here is a screenshot from our calculator on the difference in monthly payments between Renting vs House HackingThe winner is clear.

18 March 2024 | 2 replies
Recommendations for property maintenance and general contractors in the central Ohio area?

21 March 2024 | 11 replies
There are others I found that will do them, but they have low max loan amounts around $250k, which didn’t work for what I wanted to do.

20 March 2024 | 4 replies
It all comes down to 50 or more years of no Inspections with Deferred Maintenance by the criminal HOA's which now have to be paid for in short time with Zero Money in the Reserve Accounts.

20 March 2024 | 26 replies
Quote from @Bonnie Low: Quote from @Keleisha Carter: Quote from @Bonnie Low: You may be in a very saturated market.

19 March 2024 | 2 replies
I would then safely reinvest this in a low risk option (high yield savings, ETFs, bonds, etc.) and am assuming a relatively reasonable 5% return.

21 March 2024 | 4 replies
I contacted a title company to officially record the sale, but they are requiring 3 separate closings (and tons of extra fees) because there will be 3 liens/private mortgages recorded (one is the original mortgage that I want to reassign since the interest rate was very low; the second will be held by my son to my daughter for his portion of the equity in the home; and the third is the difference which will be between my daughter and my other LLC).

21 March 2024 | 25 replies
s site a try, as she has various vendors listed. http://coreprop.biz/contractors.htmLately I've just been using my PM's construction services to handle any rehab/maintenance I've needed.