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2 August 2024 | 1 reply
You paid the market price and own the liability.
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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.
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2 August 2024 | 4 replies
Let’s say you own a land lot worth in the market only $20k, but because land prices are all over the board, you have a legit appraisal at $50k.
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2 August 2024 | 14 replies
Then also decide whether you want to chase down loans to find and originate or buy loans on secondary market from others.
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30 July 2024 | 18 replies
The start of the article says it’s coming to rental markets across the country.
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1 August 2024 | 0 replies
Our efficient project management and timely market actions resulted in a strong return on investment.
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1 August 2024 | 0 replies
The strong market demand in the area indicated a high likelihood of a rapid turnaround.
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2 August 2024 | 5 replies
Most deals are found off-market or in significant value add situations that require upfront capital.
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2 August 2024 | 8 replies
Knowing more Bigger pockets members also helps find off market properties or whole salers and Realtors to help find good deals.
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2 August 2024 | 3 replies
Replacing the furnace will allow you to market the property with an awesome, new fuel efficient furnace instead of a fuel hog that could break on any day.