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2 August 2024 | 1 reply
You paid the market price and own the liability.
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2 August 2024 | 14 replies
Then also decide whether you want to chase down loans to find and originate or buy loans on secondary market from others.
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2 August 2024 | 4 replies
Let’s say you own a land lot worth in the market only $20k, but because land prices are all over the board, you have a legit appraisal at $50k.
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29 July 2024 | 5 replies
My current primary ( scenario 1) Keep the primary for the life of the loan ( current rate is 4.5 so i dont see my self refinancing anytime soon)current home value 1,150,000Loan amount 935,000appreciation estimate 5% per year after a 28 year hold and the house is paid off I would have a house worth 4,312,000$my current mortgage is 6125$ ( piti) included My second option( scenario 2) Sell the house, walk away with $150 ,000 ish in hand and put that into a low cost index fund Rent a house elsewhere for about 3000$ ish and take the extra 3000$ im saving everymonths from not having to pay my mortgage and puting that money in the index fund as well I ran the numbers on both of these scenarios and doing what I mentioned above would break even at about 28 years meaning my stock account would be worth 4.3 million just like my house would , but the only is that holding a house for 28 year would mean 28 years of property taxes, loan interest ,home insurance and repairs etc whick I calculated to be about 1,200,000$ at minimum which raised my eyebrows to say the least Also i understand that each of these options ( stock market vs real estate ) will have there tax consequences ( long term capital gains) so any thoughts on that would be appreciated as well.
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1 August 2024 | 0 replies
Our efficient project management and timely market actions resulted in a strong return on investment.
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1 August 2024 | 23 replies
Columbus is a great market to look at as it is one of the top growing markets in the US right now.
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1 August 2024 | 0 replies
The strong market demand in the area indicated a high likelihood of a rapid turnaround.
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2 August 2024 | 5 replies
Most deals are found off-market or in significant value add situations that require upfront capital.
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27 July 2024 | 19 replies
However, you need to be connected to the Internet in order to generate the codes on the erentallock web site.The way this works is that you setup an account with them and provide a master code.
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2 August 2024 | 8 replies
Knowing more Bigger pockets members also helps find off market properties or whole salers and Realtors to help find good deals.