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3 July 2024 | 8 replies
$499,990 3 Units Generating $3,700/mo That property would not even meet the DSCR requirement if the total income is $3700 per month.
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3 July 2024 | 15 replies
However, this time around, things have not been going as well.Six months ago, I entrusted my property manager with hiring contractors and obtaining the necessary permits to get my property rented.
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3 July 2024 | 24 replies
With your experience, would you recommend buying a home now at a higher interest rate with a $100K price reduction in a buyer's market, or waiting 6 months for lower interest rates and the potential return of bidding wars?
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3 July 2024 | 7 replies
**Efficient Cash Flow Management**: With a blanket mortgage, you have a single monthly payment, which can make cash flow management easier. 3.
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3 July 2024 | 1 reply
Lived in it for over 2 years and rented it out for $1,000 profit a month for one year and then sold.
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3 July 2024 | 6 replies
They both took a month to sell, sold for WAY below initial asking price (we had to price-reduce, which we had never had to do before).
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5 July 2024 | 19 replies
During my first month, I had ECO mode turned on.
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3 July 2024 | 1 reply
cost: 1,300/mrunway: 4 months = 6,800spread: 1900all in cash: 138,800Income a year: 22800/y ÷ all in cash = coccoc: 16.43%seller sees offer: 250,000sub-to 120,000sell fin: 500 w/ 0% intrest term: 13.33 yearsdown: 50,000
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2 July 2024 | 10 replies
Hey Tiia,In the DFW area, landlords often use a rule of thumb that a tenant's monthly income should be around 3 times the monthly rent to qualify.