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7 May 2024 | 5 replies
I think you hit it on the head - depleting your cash is, in my opinion, a calculated risk worth taking due to your savings rate.
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7 May 2024 | 7 replies
Finding cash flowing single families is difficult given the interest rates and competition with owner occupants.
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6 May 2024 | 1 reply
@Travis DalkeThere are 3 main parts to a seller financing deal: down payment, interest rate, and price (4th would be the term).
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6 May 2024 | 2 replies
I do not want to refinance the property because of the current interest rate with the owner-financing.
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6 May 2024 | 10 replies
The once caveat is that because of the demand pricing in PriceLabs (a surge pricing date) would result in a nightly rate greater than your minimum rate and thus less of a discount then budget.
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6 May 2024 | 23 replies
I contacted them with a zoom meeting, they provide a new statement with March rental, but there was not any incoming transfer.
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6 May 2024 | 5 replies
It is found here: https://docs.google.com/spreadsheets/d/1EMfiBygtsfhWk7zm8bKc...The property is here: 217 NW 14th St, Pompano Beach, FL 33060 | MLS #F10434086 | ZillowI sources the property and got comps from Mashvisor, which estimated that rent would be $6258/mo w/ 93% occupancy rate.
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6 May 2024 | 5 replies
If the rents end up being taxable in the organization, they'll actually be subject to maximum income tax rates very quickly - much faster than if you just did this personally.There are groups now starting with "socially responsible" investing - effectively a standard partnership/syndicate that is "investing for good" - that would likely be a better structure to avoid 501(c)(3) headaches in a for profit venture.
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5 May 2024 | 4 replies
It was a $350k mortgage and $150k in transferred equity.
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6 May 2024 | 9 replies
Most lenders will follow a 5,4,3,2,1 Step-down penalty for the lowest rate.