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23 April 2024 | 5 replies
There are DSCR based seconds available for investment properties, however the rate and fees are high.
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23 April 2024 | 2 replies
I'm assuming as long as rents are covered you just ride it out and diversify with a few properties per market?
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21 April 2024 | 13 replies
Also, per their numbers they are buying for 37 mil, debt 24 mil, equity 20 mil, 44mil minus 37 price = 7 million in closing costs, which is 35% of the total equity, RE commissions of say 4% total 1.5 mil so they are taking 5.5 million in fees up front as well minus the inspections/loan fees etc.
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23 April 2024 | 2 replies
Per OneKey MLS regarding sold Bushwick Condos in the last 6 months: Avg.
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23 April 2024 | 7 replies
We would never allow this.What is your tax situation - I don't see anyway you end in a good situation by selling due to depreciation and payback and realtor fees, selling, closing fees etc unless you 1031 into something.
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21 April 2024 | 4 replies
Additional prior to move-in fees: Admin Fee $150.
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24 April 2024 | 27 replies
I also need to figure out how the cleaning fee works and other details like should their be a minimum night stay requirement.
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22 April 2024 | 10 replies
This lists all income and expenses per category.
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23 April 2024 | 14 replies
Current interest rates are going to make it difficult to reinvest into real estate and not come out of pocket more than $1000 annually, per your current situation.I am also assuming you are paying a property manager with your current figures.
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21 April 2024 | 41 replies
Here in FL, you can build out an ADU for under 3k in total fees.