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3 July 2024 | 5 replies
Verify your connectionA Wi-Fi enabled device with a camera is required for all notary meetings.
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1 July 2024 | 7 replies
He knows real estate investing and knows Chicago...the 3 day is a great place to meet new people and see if you need the level of coaching his program provides.If it's what people need to get in the game....do whatever it takes!
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2 July 2024 | 0 replies
The rate difference between FHA and Conventional is actually over 1% right now for Multi family propertiesCurrently the rate offered is 6.75% and 193/m in PMI (private mortgage insurance)That makes the payment with taxes and insurance roughly:$3453/monthTaxes were $3820, and insurance is $1800/yrCurrently this building can rent each 2 bed unit for up to $1800/m with tenants paying all utilities.All in cost to close is: $71,414.64If you rent both units for $1800/m you can expect gross cash flow of $147/mThis is the reality of buying a turn key duplex in the area using todays rates and prices.I want to stress, that this is actually considered a great property and deal in todays market for the areaYes, prices are high, and so area rates...My goal is to show what is actually going on.
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2 July 2024 | 3 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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2 July 2024 | 9 replies
I have ~$100k in equity and have a 3.2% interest rate.
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2 July 2024 | 2 replies
For example, interest rate buy-down, home warranty, etc?
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2 July 2024 | 8 replies
Their labor rates are about $500 an hour.
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2 July 2024 | 19 replies
Let’s say half of those have floating rate debt and are in trouble, that means only 5% of the MF properties are in trouble AT MOST.So there is some distress but it is limited.
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2 July 2024 | 6 replies
With hard money loans I'm getting 10% interest rates (wish I could find something in the 7% range, with 10% down payment).
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3 July 2024 | 6 replies
Include details such as the type of loan (conventional, FHA, VA) and the maximum interest rate acceptable to the buyer.- Home Inspection Contingency: Include a clause allowing the buyer to conduct a professional home inspection within a specified timeframe.