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29 July 2024 | 6 replies
Why would equity be important when acquiring a house via subject-to?
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30 July 2024 | 18 replies
There's absolutely not any federal level housing law on this.
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29 July 2024 | 7 replies
I'm currently house hacking a property in Raeford and plan on renting it out.
31 July 2024 | 9 replies
One strategy is to look for a premium town that does not have large amounts of rental houses.
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28 July 2024 | 7 replies
Sincerely, Jim Bell, Owner PMI Phoenix Valley
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30 July 2024 | 3 replies
I emailed her and left her a VM.My question to BP is would section 8 continue paying while the tenant is at the house, or they will stop paying if I submit the eviction papers or submit “Good Cause to terminate the lease"?
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30 July 2024 | 4 replies
I have partner 50/50 with new flippers, but they put half the money into acquiring the house and repairs, and I pay the other half but I use my crew to do the flip. the other person needs to have skin in the property otherwise, I just pay them a wholesaling fee.I recommend starting by using a hard money lender, as they will take risks when someone is new, and they won't lend you the money unless they feel confident the deal is good. so you are confident you can be successful.you may pay some hight interest rates, and points, but at least you know you may make money at the end
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29 July 2024 | 5 replies
@Natali Cobbis this a house hack?
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28 July 2024 | 4 replies
I had a lease option contract with the owner at a discounted purchase price ( $120,000 ).
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29 July 2024 | 5 replies
My current primary ( scenario 1) Keep the primary for the life of the loan ( current rate is 4.5 so i dont see my self refinancing anytime soon)current home value 1,150,000Loan amount 935,000appreciation estimate 5% per year after a 28 year hold and the house is paid off I would have a house worth 4,312,000$my current mortgage is 6125$ ( piti) included My second option( scenario 2) Sell the house, walk away with $150 ,000 ish in hand and put that into a low cost index fund Rent a house elsewhere for about 3000$ ish and take the extra 3000$ im saving everymonths from not having to pay my mortgage and puting that money in the index fund as well I ran the numbers on both of these scenarios and doing what I mentioned above would break even at about 28 years meaning my stock account would be worth 4.3 million just like my house would , but the only is that holding a house for 28 year would mean 28 years of property taxes, loan interest ,home insurance and repairs etc whick I calculated to be about 1,200,000$ at minimum which raised my eyebrows to say the least Also i understand that each of these options ( stock market vs real estate ) will have there tax consequences ( long term capital gains) so any thoughts on that would be appreciated as well.