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11 June 2024 | 12 replies
The interest rates are too high, the projects always run long, and you will deplete your margin by using a construction loan.
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12 June 2024 | 20 replies
My mortgage payments are currently $2,841.40/month and my property management fees are 4% (I'm striking a deal with a property manager I trust so I'm super thankful for them giving me such a low rate).
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11 June 2024 | 11 replies
It'll tell you a $500k conventional mortgage was recorded in July 2021, you can infer from the ownership record that it was a refi (same owner before/after), and you can ballpark that rates were around 3%, assume it's a 30YF, so the balance "should" be X, but you have no way to know if they made a large lump sum payment, pay extra each month, etc.
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9 June 2024 | 6 replies
Hello Everyone, My Sister Just got married and with high interest rates, and high cost of homes in Utah, it’s going to be really hard for her and her family to afford buying a home.
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10 June 2024 | 1 reply
According to HUD Fair Market Rental Rates for 2024, the market rent for each unit in the 34608 zip code is $1,700 per month.While the units are in good condition, consider updating the kitchen, bathrooms, and fixtures and adding a fresh coat of paint for a fix-and-flip strategy.
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10 June 2024 | 4 replies
We are choosing new build because A) our family 4 has a certain size demand B) the price-quality ratio doesn't seem to make sense when considering a preexisting home C) with interest rates being at near 8% with preexisting homes, builders are offering 5.99% interest rates and the exact home we are looking at is about $75K discounted because it's a spec home and the builder doesn't want to pay taxes on it.So, live in it for 5-6 years hopefully rent it out with a fully finished basement for potentially $4,200 in 5-6 years.
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10 June 2024 | 35 replies
there are a few options for borrowing earnest money when you need funds to get a property under contract:Gator Lenders - This is a company that specifically lends money for earnest money deposits (EMD).
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10 June 2024 | 4 replies
The funds will be used for cosmetic home improvements as we list and sell the property.
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10 June 2024 | 2 replies
What loan type (DSCR or conv) should I be looking at and what rates?.
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10 June 2024 | 39 replies
This home having a pool is huge for summer rentals and rates, also on a privacy fenced 1/2 acre.