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9 February 2024 | 79 replies
Depending on your market you should definitely consider it.
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8 February 2024 | 13 replies
One option may be to get an inlaw, what you can do with that depends on your town but you can't rent those after you move out.
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8 February 2024 | 6 replies
you might benefit from having a Matterport subscription depending on the amount of units you have and how much time you’d be dedicating to do that.We use Matterport for our sales listings.
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7 February 2024 | 13 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.
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7 February 2024 | 5 replies
In NC you can get $15,000 in down payment assistance through NCHFA as long as you make under $100,000 a year (varies in some areas).
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8 February 2024 | 8 replies
Here are some considerations for both options to help you make a more informed decision:Option 1: Sell the HousePros:Immediate liquidity: Selling the house can provide you with a lump sum of money immediately.Eliminate financial strain: If the property has been a financial burden, selling it could relieve you of the ongoing stress and financial obligations.Capital gains: Depending on how long you've owned the property and the real estate market conditions, you might realize significant capital gains from the sale.Cons:Capital Gains Tax: If the property has appreciated in value since you bought it, you could be liable for capital gains tax, which could eat into your profits.Loss of potential future appreciation: Real estate generally appreciates over time.
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8 February 2024 | 10 replies
All depends on your strategy!
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8 February 2024 | 18 replies
Again that said if your in a market which supports student rentals that could be a good strategy or i just had a client who did a great job with a small lets call it "boutique" Mobile home park which was sitting on the market so it just depends on the opportunities around you.
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8 February 2024 | 2 replies
I am aiming for cash flow and appreciation both , i am clear with investment objective i.e. financial freedom, in terms of timeline - i have just started scratching the surface of real estate investing i want to learn as quickly i can and gain information in order to get started for searching deals, budget and risk tolerance would like to put a number when some progress i have made personally in understanding of whole process, my diligence and external factor dependency, that's why looking for some basics to understand and path going forward
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9 February 2024 | 5 replies
They can be written off in one year depending on tax law updates.