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27 July 2024 | 3 replies
We ended up going the HELOC route on that property for a few reasons. 1) the interest at the time was only 5%, which although seemed high, didn't matter too much with our potential property showing a 18% ROI 2) we leveraged a second home loan with 10% down for that new property, so our HELOC withdrawal was relatively small compared to what would be needed for a traditional loan on a rental. 3) I dont think I will see the rates in the 2% again in my lifetime, so figured I should hold on to that "free money" instead of selling it.
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29 July 2024 | 14 replies
So once again it’s off-line and I have guest that just checked in and I’m keeping my fingers crossed that they can hang in there until I get home in two days.
24 July 2024 | 6 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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27 July 2024 | 6 replies
I was looking to buy a home from him last year but he blasted me in an email for looking him up on @biggerpockets in this post, so I stopped communication.
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27 July 2024 | 0 replies
Purchase price: $9,500 Amazing lake lot, sloped lot, I would like to put a new construction home on pillars with floor to ceiling glass to maximize the view
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28 July 2024 | 21 replies
And I’ve bought 26 homes using listing agents.
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27 July 2024 | 4 replies
I currently pay a sizeable rent in FL and would like to get a new home to convert the rent expense into generating value in a new property that will appreciate.
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24 July 2024 | 14 replies
The benefits are your property search can be much larger as you aren't operating an STR.
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25 July 2024 | 20 replies
We had multiple offers on this completely redone home.
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27 July 2024 | 5 replies
I’m about 4 years from retirement and regretting not venturing into this world sooner.I’m currently going back and forth on whether to focus on short term rentals in Florida (Destin, PCB) or long-term single family homes in the Birmingham, Al area.