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6 June 2024 | 3 replies
I have an opportunity to by a 6-unit property for $300K with a $240k Commercial loan and a Seller carry back of $60K at a 6% interest rate with a 5-year balloon.
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5 June 2024 | 7 replies
Also open to any creative ideas around loans with less than 7% rate for a 2nd property. (20% down)https://www.zillow.com/homedetails/4-Fifth-Avenue-York-ME-03...
6 June 2024 | 3 replies
However, with mortgage rates being so high when I bought, I am worried I will have some negative cash flow (approximately 200-300 per month as a long term).
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4 June 2024 | 43 replies
Raise the price back up and advertise offering rate buy down.
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6 June 2024 | 9 replies
If you want to paint them, hire a pro and pay them a reasonable rate- it's usually at least $3K to do it right, or just leave them.
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6 June 2024 | 3 replies
Situation: I own an investment property townhome (not primary residence) that I still owe ~$195k on 30 year mortgage at 3.3% rate that originated at $230k back in 2020.
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5 June 2024 | 8 replies
You'll get an idea of the rate, the down payment required, do they want an experienced manager to make the loan fundable at close- where would you get this person is it you?
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6 June 2024 | 4 replies
The property comes with one unit occuped and they are paying below market rate.
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5 June 2024 | 11 replies
It has separate power (zoned commercial) and the rate I pay is cheaper than the main house.
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6 June 2024 | 8 replies
I'm not sure if this could be a major factor for someone like me in choosing an area to invest, but the statistics suggest that Huntsville has a lower overall vacancy rate.