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29 June 2024 | 11 replies
none of them. get closer to a capital market and major city within 30 miles. all of these are too far. look at homestead or north of palm beach county, closer to tampa, etc not an hour away these are over delivered and new builds from tract builders are selling for less than 200 per sq ft right now in some of these markets rents have softened. there's no jobs or macro city that's driving these areas. these are softer markets for BTR than other ones. get more involved and directly contract with builders. miami dade county, even Orlando has better
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29 June 2024 | 11 replies
I'd build at least 3 units. the DSCR loans we underwrite get 1.6 debt coverage and because we build under 4 units they have so many exit strategies depending on which appraisal method goes for more.
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1 July 2024 | 10 replies
Include specific information about the location, amenities, parking, and building. 2.
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27 June 2024 | 17 replies
We have our own personal home, but are interested in the idea of having some rental properties to generate additional income and build wealth.
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29 June 2024 | 2 replies
One of the buildings where I have a condo changed from coin to card operated laundry and they really liked it.
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29 June 2024 | 11 replies
I was never involved in the business and don’t have any background in real estate to build on.
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30 June 2024 | 11 replies
However, the increased interest rate is a significant consideration.Breaking even on the Farmington condo: While not ideal, remember that you're still building equity as the tenants pay down your mortgage.
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29 June 2024 | 7 replies
In terms of the building you are under contract on, is it brick or frame?
29 June 2024 | 1 reply
Now he is currently building another one and i think it is a great investment.
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29 June 2024 | 9 replies
Given the fact that I’m single and have zero dependents I figured it may make sense to move to the new house for at least a year to get a primary residence mortgage with a lower rate and rent out my existing house as a furnished mid-term rental.My question is around taxes: my current home needs significant repairs and updates (about $20-30k’s worth 😬) before it’s ready to be rented (the pool enclosure went partially down during a storm among other things).