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27 July 2024 | 3 replies
We ended up going the HELOC route on that property for a few reasons. 1) the interest at the time was only 5%, which although seemed high, didn't matter too much with our potential property showing a 18% ROI 2) we leveraged a second home loan with 10% down for that new property, so our HELOC withdrawal was relatively small compared to what would be needed for a traditional loan on a rental. 3) I dont think I will see the rates in the 2% again in my lifetime, so figured I should hold on to that "free money" instead of selling it.
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27 July 2024 | 19 replies
This scenario forecasts a potential 9.85% cash-on-cash return for an all-cash investment.Additionally, with a more extensive renovation, the property's resale value could surge above $200,000.This is just one example, but the above data showcases its potential as an excellent market for single-family home investments.
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24 July 2024 | 9 replies
Accepting a VA offer helps get vets into homes!
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29 July 2024 | 14 replies
So once again it’s off-line and I have guest that just checked in and I’m keeping my fingers crossed that they can hang in there until I get home in two days.
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27 July 2024 | 6 replies
I was looking to buy a home from him last year but he blasted me in an email for looking him up on @biggerpockets in this post, so I stopped communication.
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27 July 2024 | 11 replies
Recently sold my Florida home & now live in WI.
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25 July 2024 | 3 replies
Yes, it would be good if the seller communicated any issues earlier because then they could be handled/negotiated earlier if needed, but for the buyer there should be no risk to their EMD at least the way we would typically write a contract in my market.
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25 July 2024 | 4 replies
Typically those lenders, agents, property managers etc. that they suggest will also be able to provide referrals.
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27 July 2024 | 0 replies
Purchase price: $9,500 Amazing lake lot, sloped lot, I would like to put a new construction home on pillars with floor to ceiling glass to maximize the view
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28 July 2024 | 21 replies
And I’ve bought 26 homes using listing agents.