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11 January 2025 | 15 replies
I heard but don't know the veracity of this claim, However FLA suffers from a lot of fraudulent claims there by also causing rates to be higher..
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7 February 2025 | 16 replies
Mainly because many seconds the rate on the note is a few points higher so greed takes over with no real understanding of the risk..
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22 January 2025 | 10 replies
Rentals also build equity through tenant payments and appreciation, with profits taxed at lower long-term capital gains rates when sold.
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10 January 2025 | 17 replies
BRRRR is not a great strategy in the current market due to the mortgage rates so it's not as applicable as many think from reading older posts or books about how easy it is.
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9 January 2025 | 2 replies
We would have to come oop about 400-450 for 2nd HH.Also planing to use other rest of heloc for a dscr or brrr so that would possibly help as well.Would you wait until rates drop to do another HH and just buy the brrr/dscr now?
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14 January 2025 | 27 replies
Consider that interest rates are now double what they were in 2020 with investment properties (especially a four-plex 6.5 at least) and the new cost of the buildings.
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12 January 2025 | 2 replies
.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else.
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20 January 2025 | 6 replies
. • Single unit properties get pro-rated.
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21 January 2025 | 10 replies
To ensure you’re not overpaying, compare these quotes to typical rates in the area using resources like HomeAdvisor or Thumbtack, or by reaching out to local contractors for ballpark estimates.
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14 January 2025 | 5 replies
There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!