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7 August 2024 | 3 replies
If you do go the checkbook control route, make sure you get all the necessary information and have a good understanding of the responsibilities that come along with it, so as not to cause problems in the long run.
8 August 2024 | 23 replies
Hi Account Closed,Purchasing a pre-construction condo in Miami for the purpose of short-term rentals (STR) is a lucrative one given Miami's unique position in the global real estate market.
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4 August 2024 | 30 replies
I don't have large money to pay off the that lien.
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9 August 2024 | 5 replies
Also, everyone is anticipating much lower rates over the next 12-18months, so if you purchase today you will most likely refinance to a lower rate in the coming few years.With Real Estate it's important to remember not only that it is a long term investment, but that there are many ways to make money on the asset.
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5 August 2024 | 21 replies
C-class locations can make money but your operatins need to be on point.
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4 August 2024 | 3 replies
Im have started my private/hard money lending business and looking to have money partners to grow my business since I have ran out of my private money.
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6 August 2024 | 17 replies
sounds like your off and running and doing all sorts of different deals..
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7 August 2024 | 3 replies
Cold calling is the most efficient but not easy (I run a call center that dials for investors), driving for dollars, mailers, etc.
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5 August 2024 | 9 replies
Quote from @Ravi Ramu: Hello Everyone,I'm hoping to get some advice on obtaining a short-term rental (STR) permit in Tobyhanna Township.
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8 August 2024 | 3 replies
I put some numbers below into this Rent or Sell calculator.https://www.narpm.org/members/resources/rent-vs-sell-calculator/ESTIMATES ON ROI (15 year time frame)at 5% Appreciation would profit $100K if SELL nowat 6% Appreciation would have $3,500K more if KEEP and sell after 15 yearsat 7% Appreciation would profit 122K if KEEP and sell after 15 years(Assuming a conservative 6% ROI on money invested from sale.)NOTE: The property appreciated 10% in the last year so I’m thinking 7% over the next 10-15 is reasonable.DETAILSSale Value: $520,000 (Best guess)Paid: $437,000Original Mortgage: $415,000Mortgage Balance: $380,000Interest: 3.375%Monthly mortgage: $2,899Mortgage Difference: $1064Annual Taxes, Insurance, HOA etc**: $20,345**$13,865 (Non Homestead tax) $4,680 (HOA) $1,800 (Landlord Insurance)Monthly Rental Charge $3,500*Appreciation 7%Years to Hold: 15More assumptions used in ROI Estimates Above90% occupancy,15% capital gains charge6% selling feeRate of return on gains if selling now instead 6%Annual maintenance 1%Annual rent increase 4%$3,500 is slightly aggressive. unlikely I could get more.Thanks in advance for any constructive thoughts and comments!!!!