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12 March 2024 | 10 replies
It's harder to find turn key stuff that makes sense with these higher interest rates so I started to build my own.
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12 March 2024 | 4 replies
Crunch the numbers - Carefully calculate potential cash flow, ROI and cap rate.
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13 March 2024 | 8 replies
The rate might be higher, but the ease factor might be better.
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13 March 2024 | 14 replies
Here are a few below:Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find. a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal ownership you need insurance.If you search the forums for this topic using the magnifying glass feature in top right corner of your screen on BiggerPockets you will find a lot of discussion on "Quit Claim" "Buying through LLC", "LLC or not" etc....
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12 March 2024 | 13 replies
(high home prices, rehab cost, lower rent, interest rates, etc.)Thanks,Hillary
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12 March 2024 | 2 replies
I’m currently living here with a roommate and have a 3.3% interest rate loan on 300k and still owe about 280k.
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12 March 2024 | 1 reply
DSCR loans are a great option for 30-year fixed rate!
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12 March 2024 | 7 replies
Here's a bit more in detail about how rates are calculated for DSCR loans:1.
12 March 2024 | 19 replies
AlabamaEffective Property Tax Rate (2019): 0.37%4Typical Home Value (2022): $189,9766Annual Taxes on Home Priced at State Typical Value: $702.9The current metro area population of Montgomery in 2023 is 374,000, a 1.91% increase from 2022.
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12 March 2024 | 4 replies
You are correct with the rate for 2024https://www.nolo.com/legal-encyclopedia/50-bonus-depreciatio...The revision to the schedule is tied up with the US House of Representatives.