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31 July 2024 | 34 replies
All real estate transactions, whether purchase, sale or rental, prices are determined by market supply and demand.
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31 July 2024 | 1 reply
Property 1: 4/3 LTRCurrent Value: $475kPurchase Price: $363kDown payment: $40k (30 year conventional)Interest Rate: 2.75%Remaining Balance: $294kMortgage payment: $2369AVG revenue: $2775Property 2: Duplex - 3/2 House Airbnb & Detached studio apt 12mo leaseCurrent Value: hopefully within $575k-$600kPurchase Price: $591k (appraised at $599k)Down payment: $30k (30 year FHA)Interest Rate: 6.125%Remaining Balance: $552kMortgage payment: $5041 (including $362 PIM)AVG monthly utilities: $385 (full year avg)AVG monthly revenue: $5261 (full year avg airbnb + $1650/month from apt)
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1 August 2024 | 3 replies
Tenants on C class care more about the price and being clean.
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31 July 2024 | 2 replies
rather than drastically reducing the price and not profiting much?
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31 July 2024 | 1 reply
Buyers are still out there.Are you marketing and pricing your properties effectively to attract Buyers?
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31 July 2024 | 2 replies
In my market, agents/investors/wholesalers pitching creative financing get this objection as well.They typically have a 2nd offer (usually much lower purchase price) for the owner to be able to accept now and cash out.
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30 July 2024 | 5 replies
There certainly is a "no fly zone" for purchasing, and criteria that should be followed for a sound investment opportunity.
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31 July 2024 | 5 replies
Cash will be lowest, owner financing tends to be the highest (price) offer.
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31 July 2024 | 1 reply
this property is well maintained 50 unit around ten years old preforms well and has assumable low rate freddie debt asking price is 11.7 mil assumable debt is 6.5 mil at less then 3.5 %
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31 July 2024 | 9 replies
In the last 6 months, there have been 58 sales of 2 bed homes here for an avg sale price of $300k.