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8 October 2024 | 12 replies
That seems fair because they probably balance out to somewhere around $30-$40 an hour, which is a good wage for cleaning.If they don't like that, convert to paying them an hourly rate based on your market and pay them for the time required.
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9 October 2024 | 9 replies
In addition, targeted searches for "apartments 77008" and "greater heights apartments" have lower competition which provides a great opportunity for organic and lower cost of acquisition.Household Composition: 77008 shows balanced demand for both family-oriented housing and non-family units, promoting investments in single-family homes and high-quality apartments. 77063 indicates higher demand for rental units and smaller homes, focusing on apartments and affordable housing options.Despite higher entry costs and a lower percentage of renter-occupied units, 77008 appears to offer better prospects for appreciation and lower vacancy rates, making it a more suitable choice for investment.Greater Heights OverviewThe Greater Heights area (77008), often referred to as "The Heights," is renowned for its prime location offering a blend of amenities, top-rated schools, and abundant job opportunities.
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9 October 2024 | 10 replies
Lenders will require 5% down and you will need to meet the conforming loan limits (not high balance unfortunately).
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9 October 2024 | 10 replies
Helocs are great for this because you don't have to make payments until you use the capital and if you don't have a balance you don't pay.
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9 October 2024 | 17 replies
Find the balance where land is decent, but rents are high.
10 October 2024 | 0 replies
Selling the properties can help mitigate potential financial losses associated with leaving them vacant and provide essential funds to navigate significant life transitions.Or it could be that you have reached your financial goals and now want to take it easy and regain your work-life balance.14.
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7 October 2024 | 4 replies
I found this but I can't understand what the other costs are https://www.narpm.org/members/resources/rent-vs-sell-calculator/SFH current value: $441,000Bought for (2020 new construction): $362,000 (primary residence till Nov 2023)Mortgage balance: $218,000Interest rate: 2.375% for 15-year loan (12 years left)Annual Tax, insurance and HOA: $7,000Current rent: $2950Appreciation: Reached $441K in March 2022 and has stagnated since.
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8 October 2024 | 0 replies
Mid-term rentals cater well to this demographic, providing a balance between long-term leases and short-term rentals.4.
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8 October 2024 | 4 replies
How do you balance affordability with growth potential?
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6 October 2024 | 1 reply
The issue I'm encountering is the loan balance is now under 50k for each property what are my options besides a personal loan to purchase?