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17 April 2024 | 8 replies
.- An acceptable market entry range with factors such as the property price, down payment, and interest rate considered.- Do I enter immediately when I am financially ready, or should I wait until I’ve reached the projected savings allocated for this venture?
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17 April 2024 | 6 replies
But if it feels like it's bleeding you dry and you are in a place to hold it to wait for either rental rates to go up or for the appreciation to build a bit more, then yes, I'd go ahead and sell.
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16 April 2024 | 18 replies
The mortgage payment is based on the interest rate and term.
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17 April 2024 | 18 replies
@Anna BuffkinWhat are the typical interest rates and terms you're getting from this lender?
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16 April 2024 | 2 replies
It's crucial to understand the financials and market trends to gauge the potential value of a property accurately.One key aspect is the cap rate, which is a big player in determining a property's value based on its income compared to its price tag.
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16 April 2024 | 11 replies
., as the average effective property tax rate in the Lone Star State is 1.60%.
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16 April 2024 | 3 replies
Now worth $650,000Step 5: Brought the four family rents up to market rate which is $5200 per month.Time to complete: 10 years.Cash flow went from $350 per month to $2,000 per month.Properties are now worth around $1,000,000.Success story BStep 1: Bought a condo in 2014 in a HCOL city for $200,000 and rented it to a roommate (house hacking).
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17 April 2024 | 5 replies
Does anyone actually believe the reported inflation rate or that US denominated debts (worldwide) will ever be repaid?
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16 April 2024 | 0 replies
Directly North is still A market-Shawnee)It looks good with straight investor metrics using Fannie Mae conforming loans (25% down, 7.1% rate with a few points) and easy ARV monthly rent of $1700/unit ( I get this number based on the exact same floor plan in Raytown with complete rehab placing a tenant at $1500, and Raytown gets lower rents than Roeland Park KS.)
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16 April 2024 | 2 replies
The rate is about 5.25% or similar for 5 years.