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13 September 2024 | 9 replies
Since all of this money is being borrowed and paid back in a short amount of time.
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14 September 2024 | 1 reply
With Showings, and mortgage applications at all time low's I would price the property below market on your rent, find a great tenant, and wait 1 more year to sell.
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14 September 2024 | 2 replies
I wanted to share that some of the best deals take a long time to come to fruition.
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13 September 2024 | 0 replies
For the 10 year period spanning August 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.5%.With inflation nearing its 2% target and signs of a slowing labor market, The Federal Reserve is predicted to cut rates as many as three times before the end of 2024 (see here).
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9 September 2024 | 23 replies
And I work full time.
11 September 2024 | 8 replies
Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.
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10 September 2024 | 2 replies
I’m a big mosaic theory person and try and recognize/find the value in every(one/thing).
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14 September 2024 | 2 replies
You can usually also benefit more by simply using the seller or builder credit to do a simple "Rate buydown".The first rate on the buydown is a "teaser" rate that only last for a short time 1 year for example but a true rate buy down is for the entire term.
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13 September 2024 | 4 replies
Any advice for first time buyer on where to find private money and/or a good realtor/property managers in my area of purchase.
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7 September 2024 | 12 replies
Rent-by-the-room tenants are more so catered toward working-class/blue-collar or young professionals looking for cheap rent.