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Results (10,000+)
James S. Best way to find new construction
12 August 2024 | 2 replies
I current get $1,000/month for the single and based off local market expect to get $1,500/month for the other part of duplex (mortgage is $2,080/month after putting 20% down).
Alex Sarnoff When should I get pre-approved for an upleg during a 1031 exchange
12 August 2024 | 4 replies
Begin your 'pre qualification' process for the acquisition now (most commercial lenders won't issue a PreQual but rather a LOI) In general, Commercial transactions can take longer due to extended due diligence, appraisal, environmental reports and financing (60+ days) so you'll want to initiate your search during the marketing of the down leg as it can cause a tighter timeline than a residential transaction. 
John K. What can I do with $140K cash?
11 August 2024 | 49 replies
Never has the market been so cornered.
Paul Swinson 3rd time the charm
13 August 2024 | 3 replies
Home equity is 6-7% depending on length 5yrs vs 15yrs a 30 yr mortgage is 6%...Ideally rental stays rented out bringing in 1/2 of mortgage payment on new house based on numbers and is already cash flow positive bring in $1200/month (worth about 180k)and new property is going for 240k going rental price is about $2,000/month but I owe 18k still on private mortgage- reason I want to pay it off (4% flat 720 interest from cc for 1 year) to have it 100% paid off, then use home equity to pay off....or try to balance transfer balance after 1 yr which ever is lower but I figured that would mess with debt to income ratio and with this property being brand new, which is hard to find being located outside of closest major city...goal is to keep house rented out till it's paid off while also being cash flow positive with both properties combined and using paid off/ nearly paid off 1 to pay for 2nd rental, so I'd say lowest debt while also building wealth/equity not worried about a monthly/yearly profit per say as long as someone else is paying down the mortgage ie: my current property is bringing in $1200/month but current market value says it should bring in atleast $1500-$1600 but the tenant is phenomenal so she's paid same rent since 2017 I've put about 36k into between mortgage payments for 2 years and some up keep...she's put in the other 130k!!
Brandon Heimsoth Supplies vs Assets vs Repairs vs Maintenance
8 August 2024 | 11 replies
Generally, maintenance supplies like paint are categorized as supplies, while light fixtures can sometimes be categorized as assets if they are permanently installed.Fencing, Lumber for deck remodel, Roof replacement: These are typically considered assets because they are substantial improvements to the property that enhance its value and longevity.In terms of tax implications, categorizing expenses correctly can impact how they are treated for depreciation or immediate expensing under tax laws.
Collin Hays Home prices are stable to climbing in the Smokies!??
11 August 2024 | 16 replies
I think because the majority of people who refinanced during COVID are holding up, we don't see much inventory in the market.
Mark M. Multifamily Lenders In Cleveland
12 August 2024 | 4 replies
We have a few lenders that will go 90% LTC on flips and 80% LTV on rental properties in the OH market.
Chetan Malik How to scale and grow from here
12 August 2024 | 11 replies
For illustration purposes, what are the benefits of acquiring 100 units if they are located in a C/D market with terrible fundamentals and no reasonable expectation they will appreciate?
Arthur Nogueira Refinance a paid off house?
12 August 2024 | 28 replies
That might not be a lot, but as market rent and appreciation comes up good in 3-5 years, these properties will look like home runs.
Joe Vigurs 1031 to buy a short term rental
12 August 2024 | 4 replies
If you have enough market data to support your income projections you should be good to go.Lenders don't like Airbnb's much though so maybe you can pitch it to them as a rental?