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17 April 2024 | 6 replies
We would just need to verify you have a decent credit score and the rents can cover the total mortgage payment at that loan amount.
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16 April 2024 | 7 replies
Based on comps and speaking with realtors we figure I can sell my home and after paying off my mortgage and selling expenses I could net approx 750-900k, depending upon the sale price of course.
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16 April 2024 | 2 replies
This will be my first rental property so want some advice.Purchase price - $195KDown payment - $59,176 (25% plus other closing)Annual rental income - $29,424 ($2,452 a month for 4BR)CoC return 10.7%Cap rate - 9.7%; Price to rent ratio - 6.6Cash flow will be over $5k per year after paying taxes and mortgage.
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15 April 2024 | 1 reply
With the landscape constantly changing, it's vital to adapt and find innovative ways to not only reach buyers and sellers but also close deals efficiently and effectively.Here are some strategies I'm looking to discuss:Digital Marketing: Have you transitioned to an online-first marketing approach?
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16 April 2024 | 2 replies
In the past, RentingFamilyMember has filed Schedule E and apportioned expenses by rental percentage, including mortgage interest and real estate taxes between Schedule E and Schedule A.
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16 April 2024 | 12 replies
So using this forum to gain a little advice on strategies (I read online and elsewhere in the forum) seemed like a good place to start.
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15 April 2024 | 8 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
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15 April 2024 | 2 replies
I've found a few online though I'm looking for one that has-property description, condition, purchase price, closing date, default clauses, insurance contingency, risk and loss damage, adjustmentsDo I need all of this and if so where should I get it?
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18 April 2024 | 43 replies
I am a mortgage broker, I saw most of the replies, have you been pre-qualified?
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16 April 2024 | 12 replies
I got a 2.8% 30 year mortgage (main reason why I haven’t sold it yet, even though I have a bit in equity now, thanks to appreciation- I think it could sell for about $380k today, but still owe $246k out of the $271k I originally borrowed ).