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15 May 2024 | 5 replies
I need help deciding if I should keep my primary residence and rent it out or sell it and then move into a new one, I have already done a cash out refi of 60k if we rent it we would get 150-250/ month profit not counting cap ex and if we sold we could get 5k-20k property is worth 250-280 ARV , the property has brand new roof hvac and hardwood floors with in the last year or two we will also be using va loan to buy. ps my wife wants to sell and I want to rent it out
14 May 2024 | 22 replies
you'd still get to make money in REI, with a secured predictable return, you'd just have to figure out another way down the line to be building equity and getting the tax benefits of ownership.hope this helps!
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13 May 2024 | 4 replies
I make secured and unsecured loans Loan amount: $2,000.00 – $20,000,000.00 Loan duration: 6 months – 30 years INTEREST RATE: 5.95% ANNUALLY Loan purpose: ALL Loan Type: ALL LTV: 85-95% NO PRE-PAYMENT PENALTY, FAST AND RELIABLE FINANCING.
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14 May 2024 | 4 replies
I told her the amount and he is an older man who lives off her social security check.
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15 May 2024 | 14 replies
Most HMLs will loan at 65% ARV-repairs.
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14 May 2024 | 201 replies
not including building those areas many times you have to pencil in security.
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15 May 2024 | 9 replies
Then the loan payments, insurance and property tax.
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15 May 2024 | 7 replies
In the meantime, this might help you out when it comes to BRRRRs: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...
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15 May 2024 | 16 replies
I don't know the numbers on your property, so I'll create a hypothetical:Assume your principal and interest on a $300k loan is $1,263.You're sitting on the potential to get $155k (tax free, btw), but the rate will be 7.5%, taking you're principal and interest to $2,100.Yes, it's $900/month more, but you have $155k of tax free money in the bank.
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13 May 2024 | 3 replies
What are your thoughts on using my VA loan for the first time to purchase a 3 unit multi family in Gary Indiana.