Luis Lozada
Using my equity
24 June 2024 | 6 replies
The new investment earns $24,000 a year, but the mortgage + the equity loan cost will be $22,332—and that’s before you account for taxes, insurance, maintenance, capital expenditures, vacancies, etc.
Richard W.
CRE development costs.
20 June 2024 | 1 reply
The center has an extra 20 acres of greenfield zoned for additional retail.We know there is pent up leasing demand, but not sure what is current development costs as we haven’t built a thing since before Covid.Anyone can shed a light as to what is the current per square foot average these days?
Kenny Banuelos
Do people do this with their first house hack?
23 June 2024 | 8 replies
Setting up and maintaining an LLC involves costs, including filing fees and potential legal or accounting expenses.
Elsa Manatad
Which is Wiser? Need Feedback
25 June 2024 | 2 replies
The right locations are crucial for our success, affecting costs and member satisfaction.
Scott Eranio
Looking for advice on planned move
22 June 2024 | 8 replies
A little background - I'm a nurse and have been hoping to find a market that pays decent when compared to the cost of living and also has high prospects for growth.
James Samsing
Energy Efficient Mortgages
25 June 2024 | 3 replies
As the seller I would pay for the energy audit, do the analysis on the work to be done (cost vs savings) and then market the home with a prepackaged improvement contract that would meet lender guidelines (solar, EE windows, etc). 45 day close to allow for enough time to do loan and obtain permits, occupancy COE+2.
Nicholas Sedorus
NYC Rent stabilization question
24 June 2024 | 3 replies
s, first rent of the newly created unit must be equal to the combined rent of the two previous RS units..in addition, newly created unit will still be regulated, NYS senate just passed bill S2980C..Substantial rehab is the only remaining strategy, which is not cost effective in the current market
Kyle King
Using HELOC to move into next property
25 June 2024 | 3 replies
You could consider doing a cash out refinance of your current primary as an investment property with a dscr loan.From there get a low cost or zero down loan for your Primary.Use the proceeds left from the refinance to get your next property.There are so many different strategies.
Lee Israelsen
Renting basement Tax write offs
24 June 2024 | 2 replies
Any costs directly associated with building the basement apartment, such as separate entrances, kitchen installations, and bathroom fixtures, can be directly allocated to the rental portion.
Marc Shin
Anyone have experience with doing a rehab on a long distance property?
25 June 2024 | 20 replies
@Marc ShinMake sure to double whatever they tell you it will cost and take 2x as long and then have someone to come repair all the shoddy work that was done.Hopefully you have working bathrooms otherwise you may have some surprises hidden behind your walls