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2 April 2024 | 7 replies
These loans take more time, require more docs etc. 20% down requirement (you are closing one time for the construction -- includes land -- and the permanent loan).You could expect rates in the 11-15% range for HML/PML.
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1 April 2024 | 20 replies
Including Hurricane, Ivins and neighboring cities.
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1 April 2024 | 8 replies
They can make or break a deal.
2 April 2024 | 24 replies
It includes money toward acquisition and it includes rehab money held in escrow.A very common product for anyone flipping or doing the BRRRR method.
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1 April 2024 | 59 replies
It is rare that municipalities permit new mobile home communities and financially, unless you have extremely deep pockets, buying a existing community with cash flow is preferred since a new community with no homes and no tenants will take many years to come close to even breaking even from lot rents.
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2 April 2024 | 15 replies
My main concerns about Florida include: Chinese Drywall (very toxic; found in older homes); HOA Restrictions; Lots of people/crowds; sinkholes (properties sinking into the ground); Red tide (dead fish found on beaches due to algae bloom); Homeowners Insurance costs (w/older roofs); Mold; Hurricanes/Flooding , New construction (not always built to quality)... these are the most common issues found in the Florida market.What zip codes would you recommend for a single family investment property under 300k to mitigate these concerns?
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2 April 2024 | 6 replies
They also require annual licensing so be sure to include that in your operating costs.
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1 April 2024 | 4 replies
Investing that delta may have you break even after taxes versus mortgage.
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1 April 2024 | 7 replies
Our expenses have gone nuts and we aren't able to, or ethnically able to push rents fast enough to break even.
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2 April 2024 | 49 replies
If they aren't happy, they can move out before the end of June with no penalty for breaking the lease.