Danny Nguyen
Questions on investing and owning
16 October 2024 | 1 reply
Depending on what you're looking for, you can find a good mix of affordable properties, especially in the under $200K range.
Kristen Haynes
National Update On The Housing Market For 10/18/24
18 October 2024 | 0 replies
Note that the current Fed Funds Rate policy range (AFTER the 50 bps cut) is 4.75–5.00%.Nov 5: US presidential election.Nov 7 FOMC Meeting: 90% probability of a 25 bps cut, 10% probability of no cut.
Lance Turner
LTR with an STR ADU
23 October 2024 | 28 replies
Some of the best sources for durable furnishings at reasonable prices include:IKEA: They offer modern designs, and some of their higher-end lines are surprisingly durable.Costco: Their furniture tends to be both stylish and durable, often at great prices for the quality you get.Wayfair: Offers a wide range of options, and while not everything is long-lasting, their customer reviews can help you identify durable pieces, just use more caution.
Mark Dutton
I hate having mortgages
18 October 2024 | 34 replies
To be honest, this feels overwhelming, especially knowing I couldn’t pay it all off quickly if I had to.Out of that $900K, about $500K is tied to 30-year mortgages on my rentals, with interest rates ranging from 2.99% to 4.375% and 400k on primary at 6% 30 year.My total monthly mortgage payments are $5,500 on my rentals, and my long-term rental income is $6,850, giving me a monthly surplus of about $1,300.
Lisa Broderick
Has anyone done or heard about Glenn and Amber Schworm's mentorship program?
18 October 2024 | 37 replies
And by the time he was ready he had the complete model for what the program was teaching and from what I could see it worked for him.. the 40k training stuff that is done through up sell IE come to free seminar then go to 3 day training for a few grand then come to 40k program those will have fall out rates in the 75 to 90% range for those that invest in those trainings from what I saw..
Kristi K.
Paying points for a Loan
15 October 2024 | 21 replies
What do you all think are the pro's and con's of a 5 yr ppp in the mid 5% range vs 3 yr ppp in the mid 6% range.
Tanner King
First time homebuyer starting RE investing journey (House hacking multifamily)
11 October 2024 | 8 replies
But, something to add that you have to understand is that a 3-4 unit has to be meet the FHA self sufficiency test.
Patricia Andriolo-Bull
Art for STRs
18 October 2024 | 14 replies
I'm trying to stay away from the $600+ price range.
Chris Blackburn
Real Estate commissions? Thoughts on a $34M sale $400,000 ($200,000 per) to $500K
15 October 2024 | 2 replies
Here is what one of my 4 AIs say:The commission structure detailed in the image for a real estate transaction involving a property valued between $30M and $40M is as follows:Under $34,000,000: 1% (0.50% per side)$34,000,000 - $34,999,999: $400,000 ($200,000 per side)$35,000,000 and above: $500,000 ($250,000 per side)To evaluate whether these commissions are fair for a 112-unit apartment complex valued between $30M and $40M, let's compare them to typical real estate commission rates for large commercial properties:Typical Commission Rates:For commercial real estate transactions, commissions generally range from 1% to 3% for properties valued above $10M.
Abhishek Singhal
Property manager refusing to provide receipts of repair
12 October 2024 | 15 replies
Instead he/she claims that his/her invoice is sufficient.