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13 November 2024 | 2 replies
Here’s the context:I own a rural property with two rental units:A manufactured home from the 1980s in temporary status with the county (meaning it can’t be replaced), which currently rents for $1,350 per month.A one-bedroom permanent residence that rents for $1,300 per month.My monthly mortgage payment is approximately $1,200, and cash flow is crucial to me right now.
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13 November 2024 | 8 replies
I recommend that you don't deal with a gc in the beginning as a new investor because it's to many things that could go wrong.
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13 November 2024 | 2 replies
Hi, I'm new to passive RE investing in US.
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24 October 2024 | 5 replies
As far as closing costs go, see below:-Title fees-Title insurance-Hazard Insurance-Lender's closing fee, underwriting fee, or any other flat fee they charge-Origination fee-Attorney fee (if the property is in an attorney state)-Doc fee for closing docs-Prepaid interest through the end of the month you are closing-Recording and transfer fees on titleThat will cover most of your normal closing fees.
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13 November 2024 | 5 replies
I use pricelabs as a guide but it takes time "in the market" to see how guests are responding to pricing.
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23 October 2024 | 16 replies
Having said that you can make money here, but choosing the right neighborhood (resort) is key.
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13 November 2024 | 2 replies
And you’re right, those doorknobs probably did end up in the trash.
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23 October 2024 | 7 replies
In essence, it is a cash offer.
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13 November 2024 | 13 replies
@Marshall SmithCommercial Loan: Many investors use a commercial loan since the 4-plex would be in an LLC.
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13 November 2024 | 66 replies
Any guidance would be greatly appreciated as I live next to the largest Navy base in the world in Norfolk VA.