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13 January 2025 | 7 replies
I think my fees are high until I shop around and then I am thankful.
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6 February 2025 | 3 replies
Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.
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13 February 2025 | 18 replies
One book I highly recommend is “Buy It, Rent It, Profit” by Bryan Chavis—it’s a great read for investors looking to build long-term wealth.Best of luck with your real estate journey!
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7 February 2025 | 49 replies
Of course this is on the high end of what I have seen in Oregon we can usually get to the same place for 100 to 200k..
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22 February 2025 | 6 replies
This is also why the amount of cash you need is 40% of the loan amount - the closing costs are disproportionately high compared to the loan amount because it's a small loan.
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29 January 2025 | 6 replies
BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.
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4 February 2025 | 1 reply
High performers everywhere swear by it.
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22 January 2025 | 10 replies
Lots of areas that pencil very well on paper but the quality of renter you will get is going to eat into any profit you may think you are getting.
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27 January 2025 | 6 replies
If you are looking at a 30 yr fixed DSCR, high 8s-10s depending on LTV, PPP, and Unit Count Rates highly depend on the type of loan and your qualifications.
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18 January 2025 | 2 replies
Haha I bet there's been some crazy stuff out there but the one's I'll put up will definitely of better quality and insulated.