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29 April 2024 | 4 replies
At competitive market rates now and still have original tenants.
27 April 2024 | 21 replies
Since I will now be a local landlord of 4 doors I wanted to take over management myself - self manage to save money and have more control.I will use Zillow and FB marketplace to advertise vacancies.
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29 April 2024 | 4 replies
We've been in the business for 31 years and have the highest client satisfaction ratings.
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27 April 2024 | 7 replies
If you want to advertise you can advertise as anticipated vacancy and have a showing open house date in the future. or just wait and advertise when it is vacant.
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29 April 2024 | 4 replies
That being said, with current prices and interest rates, it may be the best path forward for some looking to buy a home or investment property.
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29 April 2024 | 1 reply
They might allow for a no seasoning rate and term refinance, but that would have you bringing your closing costs and and lender fees to the table.
29 April 2024 | 7 replies
.: Subject To and Wraps are very similar and yet, very different.Subject To & Wraps share these characteristics You are taking over payment of the mortgage and transferring the property into your name You become the owner The loan does not get paid off The lender can and sometimes will call the Due on Sale You have to have money or credit to solve a Due on Sale call They are used when someone doesn’t have much equity and doesn’t want to pay a real estate agent They are used when the seller wants to sell fast They are used when the property isn’t really a good candidate for the MLS because of the condition of the property They are used when It’s a unique property and it’s hard to find comps They are used when it’s a distressed situation that needs to be resolved They are used when the monthly payment is below market rate (that means it cash flows) They are used when the seller wants to avoid the hassles of listingSubject To & Wraps Differences In a Subject To, NO new mortgage is created.
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30 April 2024 | 25 replies
Depending on the interest rate and loan amount (eg $330K at 6.5% after 7 years you'd have paid about $40K off the principal and $120K in interest).
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29 April 2024 | 22 replies
If it were me, I'd find a friend or family member with some cash, convince them that it is a good investment and say that you will manage it for them at market rate of 15-25% depending on your market.
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29 April 2024 | 13 replies
I'm constantly reading on BiggerPockets investors saying you need to buy rental property, break even, and hope for appreciation and/or lower rates in the future to cashflow.