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4 January 2025 | 67 replies
Using a 25 acre partial which is a lease size the government would give him land for.
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25 December 2024 | 28 replies
FYI this is reason #42 why I only offer MTM leases.
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2 January 2025 | 53 replies
Without knowing much, I definitely encourage you to explore a lease-to-own option.
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29 December 2024 | 10 replies
1) 20% down will allow you to do a conventional investment loan, but you will have to either:- Qualify with the new payment + your current payment- Lease the property out, allowing the lender to use 75% of the monthly rent to offset the mortgage (confirm with a lender).2) You could also do a DSR 20% down loan, but the interest rate will be much higher than conforming rates.3) If less than 20% down, you could:- Do a 10% 2nd home loan as long as the new property is at least 50 miles from your current home or near a qualifying vacation spot (confirm with a lender).- Do a 5% down conventional mortgage if you plan to rent out current home and live in the new one for at least 12 months.
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25 December 2024 | 10 replies
I would terminate this lease ASAP.
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27 December 2024 | 19 replies
It's usually better to earn $200 less a month for one year than to sit vacant for two months, particularly in the winter.Consider a bigger drop for a 6-month lease to get through winter, then increase rent or find a new renter in the spring when competition is hotter.
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12 January 2025 | 25 replies
Leasing for sub sec8 is a "deal".
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27 December 2024 | 2 replies
The project was managed by one of my property managers for a 10% fee.Leasing and Property ManagementWith renovations complete, the property was ready to be leased.
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27 December 2024 | 2 replies
Just leased out my 3rd brrr.long ways to go, lots to learn.
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25 December 2024 | 12 replies
In my lease, rent is due on the 1st and late on the 6th (and I file eviction on the 10th).