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9 May 2024 | 4 replies
It is very hard to "perfect BRRRR" here with consistency or anywhere for that matter with today's rate and insurance costs.
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8 May 2024 | 8 replies
We have been blessed to serve a a ton of Bigger Pockets clients and the biggest challenge we have with house hackers is the FHA Self Sustainability test.. 75% of the overall rent has to cover the PITI.. with rates where they are this has been a big challenge.
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7 May 2024 | 4 replies
If it's possible still, it would be better for the grandmother to keep possession of the house and have the ownership transfer upon her death due to the step-up in basis the house would get.
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6 May 2024 | 2 replies
Being able to do min one week stays would be nice if that would allow the property to generate more revenue.If the property has already appreciated a fair amount in 2 years it would be a bummer to sell now just because the rate is high.
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9 May 2024 | 65 replies
The fact that paid information has a higher success rate than free information does not form a basis to say that paid information is better or more effective than free information.
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6 May 2024 | 12 replies
Be careful, since this is only for a Person and their primary residence, transferring to an llc may void this.
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9 May 2024 | 8 replies
Orlando is a tough market, I think it would be very difficult to show any return at all right now with the high rates.
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10 May 2024 | 30 replies
If you're looking for consistent rental revenue, search for places with high occupancy rates and rentals that meet your expenses, such in the Midwest with cities like Cleveland and Indianapolis.
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9 May 2024 | 12 replies
I currently reside in a higher-end condo in Orlando, Florida, and obtaining a mortgage with a sub 3% interest rate was crucial for making it a feasible investment.Allow me to share a personal anecdote that sheds light on the condo buying experience.
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9 May 2024 | 3 replies
Rather than taking out some boot from your sale to pay off debt, you could take a detailed look at your financing math after buying a new property and then strategically refinance to replace expensive debt with cheaper debt, but this is not very easy in today's rate environment.