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9 July 2024 | 12 replies
Customization Building from the ground up means complete control over design and layout, ensuring the property meets current market demands.2.
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8 July 2024 | 8 replies
Because Pittsburgh seems to be taxed at an even higher rate than Philadelphia.
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9 July 2024 | 3 replies
Hey Renee,Pros include guaranteed rent payments from the government, a large pool of potential tenants, and potentially lower vacancy rates.
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7 July 2024 | 6 replies
2) How often are they sending you updated rental comparables to discuss price adjustments vs making improvements to meet the competition?
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8 July 2024 | 5 replies
A great way to network and meet people in your local community is to attend in person meet ups.
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9 July 2024 | 20 replies
-Now if I invest this 325K in capitol into another duplex, and assume the same NOI and loan rates I would have a second duplex making 1,238.
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9 July 2024 | 197 replies
:)At our last REIA meeting, a female HML introduced herself (all new attendees get that opportunity).
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7 July 2024 | 7 replies
We meet the standard qualifications for the FHA loan.
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9 July 2024 | 5 replies
The current market value of the home is about $645,000.Key Details:Purchase Year: 2020Purchase Price: $415,000Current Market Value: $645,000Mortgage Interest Rate: 2.99%Equity: $320,000Current Monthly Cash Flow: $1,450Return on Equity (ROE): 5.44% (without variable expenses)Return on Investment (ROI): 14.5% (without variable expenses)However, I've noticed some trends that are starting to concern me:- Home prices in my area are slightly reducing, and rental prices are also on the decline.- There are more houses listed for sale and rent in the neighborhood, which is pushing rent values down.- My current lease is up in September and the tenant is leaving, and I expect my monthly cash flow to reduce to $950, lowering my ROE to 3.57% and ROI to 9.5%, again, without variable expenses.- Homes are staying on the rental market for a few weeks, sometimes months, even at lower prices.
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9 July 2024 | 5 replies
Savings rates have changed a ton in the 5 yrs since the original post.