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5 March 2024 | 4 replies
It all depends upon the total cost of construction, based on that your monthly fixed cost/mortgage will come into picture.You cannot rent too far from market rate, essentially you should have some spread between mortgage(construction cost) and rent to cover for cashflow, vacancy etc.I would suggest you to keep the selling it out as your second exit strategy if renting is your first one. in that case your construction cost + selling cost cannot be more than market price of new construction.You can also try to reach out to developers to give them a piece of the pie but then you will have to sell for sure.
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5 March 2024 | 5 replies
A few methods include: Real estate conferences (which can be costly), joining paid communities (which can really be costly), the meetups and forums posted in BiggerPockets, local events, and other online softwares that allow you to search for buyers specifically interested in your location and preferences (of which I like freipro.com the best).
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6 March 2024 | 1 reply
The cap rates themselves from their ads don't include the cost of a commercial mortgage in their calculation.Now commercial loan rates that I'm seeing are at minimum 6% and higher.
5 March 2024 | 3 replies
Hey Harinoor, if you purchased the duplex with a mortgage, contact your lender to understand their policy on transferring the property to an LLC.
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5 March 2024 | 5 replies
On the 15 yr fixed mortgage's I use, that comes out to about $250/month in interest payments, or $3,000/year.
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4 March 2024 | 46 replies
Seems fishy as email doesn’t match website (which is a .online) site and no pictures of principles (who have linked in accounts)
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6 March 2024 | 7 replies
Buying in your name, keeping the mortgage in your name and then transferring the property to an LLC arguably could invalidate the LLC.
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5 March 2024 | 7 replies
If you haven't heard of WIIRE (women invest in real estate), it's a mostly-online community created by @ameliajorei and @grace.investing (instagram handles).
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4 March 2024 | 1 reply
I am considering selling a property using a wrap in Texas. Anything I should look out for? Any recommended companies/people who would be able to assist with handling such transaction? From the transaction to escrow/pa...
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5 March 2024 | 15 replies
Personally I would not look favorably upon a property management company with great online reviews.