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26 February 2025 | 10 replies
My primary interest is in small multifamily properties (1-4 units) priced under $300,000.
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17 February 2025 | 10 replies
I stopped taking on any more properties where I would be theProperty Manager.
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25 February 2025 | 6 replies
You can end up with net income or, as is very common for rental properties, with net loss.
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18 February 2025 | 4 replies
If you're wanting to use leverage to buy more properties, then once your credit is around 680+, one strategy would be to cashout refi your current property at around 50% LTV.
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19 February 2025 | 8 replies
You want to buy a $100k property. - You pay closing costs with cash- You need $100k in crypto as collateral- You get a mortgage on the property for $100k with a lien ON THE PROPERTY.
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26 February 2025 | 58 replies
(My market has 2.5% property tax and I am assuming 2.5% for maintenance) and a 6+% APY for an investment property.
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22 February 2025 | 2 replies
You may be better off with a higher rate and the flexibility to access the equity in that property to grow your business or even bail you out of a jam.
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23 February 2025 | 10 replies
You can use your HELOC for down payment to acquire the property instead.
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26 February 2025 | 2 replies
A DSCR refinance would close out the second HELOC if it's recorded on the property as it would show up on the title commitment.
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19 February 2025 | 6 replies
I'm not sure how this works when the seller of the property is listed on the contract.