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1 March 2024 | 4 replies
Purchased for kids future/college fund (maybe relevant maybe not) Mortgage rate is 4.4% currently paying $1149 a month (including taxes/Insurance)Currently rents for $1550 (room for upping rent to $1600+)In the 2 years Ive had it, Ive added a roof(insurance claim),new windows, new bathroom, plumbing.
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29 February 2024 | 4 replies
Here is some background on the property: Description: 2,100sf(this includes finished basement), 1/4 acre lot, 4 bedroom, 2 bath, garage Info: I bought the house in 2020, the week that the world shut down due to covid and have a rate of 2.99%.
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1 March 2024 | 19 replies
Those are typically homeowners.If you're already losing money with just PITA, you'll be down significantly when you include maintenance, turnover, recurring capex and vacancy.
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29 February 2024 | 8 replies
I'm refinancing a 8 unit apartment, I'm trying to add a HELCO after finishing refi. but all the lenders doesn't all second lien, is this normal?
1 March 2024 | 10 replies
Hey Ricky -Some DSCR lenders have short seasoning periods (including under 3 months) which could be a great option to explore.
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1 March 2024 | 4 replies
From it raining a lot the night before the property going active which brought to light foundation issues hidden behind the pre-existing finished basement paneling.
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1 March 2024 | 4 replies
Your resident state CA will tax all of your income, including out-of-state gain.
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1 March 2024 | 2 replies
This year, experts have noticed that the real estate market has been witnessing an increase in foreclosure activities across the country, including a remarkable shift in commercial foreclosures.
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2 March 2024 | 10 replies
If those rules include interest rates at specific amounts, I will still find a way to win.
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1 March 2024 | 4 replies
This will restart the depreciation schedule.If you own property inside of an LLC, each member will get a K-1 that will then be used to include on their individual tax return.