Brett Riemensnider
Buying first Duplex!
18 March 2024 | 7 replies
Here are some steps and resources that may help you confirm your numbers and conduct due diligence:Rental Income Analysis: To determine the possible rental income for your duplex, look up the rental rates for nearby homes that are comparable to yours.
Laura NA
Is it me or is my realtor right?
18 March 2024 | 24 replies
Rates are too high, so borrowing costs are high.
Jesse Grim
Hard money lender or refinance
18 March 2024 | 7 replies
HMLs offer quick funding, but keep in mind the higher interest rates (8% to 18%) and shorter repayment terms (6-18 months).
Jacob Rocha
starting my str journey!
19 March 2024 | 18 replies
As far as a general STR strategy, a nice 3x2 house within an hour of a major attraction is not too much to manage and can drive a nice nightly rate if you go with high end design.
Ran Fridman
Cash refinance and than 1031 how it works ?
18 March 2024 | 10 replies
Just a quick follow up to @Christie Gahan's comment: ** Yes, Long term capital gains are taxed at lower rates, but it isn't as simple as the first $500K of gains are taxed at 15% -- rather, the 15% bracket will account for your total income from all sources.
Yael Fuerst
What would you do?
18 March 2024 | 2 replies
@Yael FuerstIf they are rentals you could get a DSCR loan.If the loan you get is lower interest rate than the current loan amount then it makes sense to do thatFor example if your debt is 10% and a DSCR loan is 7%, then pay the lower interestHope that makes sense
Jose Botello
Duplex for sale with one side occupied
18 March 2024 | 5 replies
Recognize market trends, rental rates, and property prices.
Julia Hagen
Just spent $7,000 on home warranties..?? 😫😳
19 March 2024 | 46 replies
Their labor rates are way below market rates so don't expect any big name established company to show up.
Ethan Swat
Golf simulator added amenity for STR
18 March 2024 | 17 replies
@Ethan Swat have you done the math to calculate the increased booking volume or higher booking rate is required to break-even on the investment?
Chen Avnery
First time investor at Milwaukee
18 March 2024 | 15 replies
When interest rates were lower there were more deals to be had and cashflow was solid with even a moderate down payment.