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18 May 2024 | 1 reply
You cannot spend too much time on any one door because you cannot charge beyond the market rate for any single door, so each door needs to follow the process efficiently and precisely.
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17 May 2024 | 12 replies
But given our high cost city and sky rocketing interest rates, early and simple analysis of any property has so far resulted in negative cash flow.
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15 May 2024 | 16 replies
Should be possible to look into a HELOC or closed end 2nd - probably too soon to be honest to go the cash-out refinance route until interest rates drop a bit closer to that 2.99%
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17 May 2024 | 9 replies
Here are a few: I just saw a LinkedIn post with a sponsor talking about how they are underwriting using cap rate compression, meaning that in 5 years the sales price cap rate will be 50 bps lower than the purchase cap rate.
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17 May 2024 | 7 replies
We're considering our options for moving forward.Numbers:Purchased for ~ $230,000 (2.5% interest)Remaining balance ~ $220,000Appreciated to ~ $400,000Cash flow is ~ $500 a month after setting aside for all reservesOptions we're considering:1- Cash out refinance- at current market rates, rough estimate is that we could access close to $100,000 in equity, but our cash flow would go to $0 or possibly negative for a period.2- Sell now - if we sell before the end of the summer, we could still qualify for living in the property for 2 out of the last 5 years for the additional tax benefits.
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17 May 2024 | 1 reply
And if they aren't, it will reflect in rates going much higher for the risk.
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15 May 2024 | 12 replies
Price wise, houses in the area mostly follow (roughly) national inflation rates.
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16 May 2024 | 6 replies
I just get invoices for any expenses and drop in QBO....it works great for me with 5 properties and a business.Good luck.
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17 May 2024 | 6 replies
The price points are definitely higher in SWFL not mention the home owner insurance rates in FL.
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17 May 2024 | 6 replies
Call a few people who do home inspections and ask if they can recommend someone or google "sewer inspector memphis tn" and you will see a number of options-then look at their ratings.