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20 July 2024 | 4 replies
I'm confused on how the financing and construction loan would work.
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23 July 2024 | 2 replies
I keep the rmd the lowest possible however to secure a loan on a home I inherited I had to adjust the rmd higher...now I want to move it back where it was because I am very conservative and like to have money for the unforseen future .
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20 July 2024 | 9 replies
In terms of legal perspectives: I found several AriBnb in the areas that I'm interested.
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24 July 2024 | 2 replies
I don't remember the exact term, but there is a category of insurance providers...
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23 July 2024 | 12 replies
We have great long term residents in our POH rentals and do very well financially with them.
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24 July 2024 | 1 reply
High paying local jobs.Monthly cash flow: $306 /moIncome: $2,250 /moExpenses: $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91% Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06%
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24 July 2024 | 13 replies
I am a loan officer in CO licensed in Colorado, Arizona, Arkansas, California, Florida, Kansas, North Carolina, Tennessee, Texas and Wyoming.
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23 July 2024 | 7 replies
You don't have to have that to get a loan or buy a home, but it will help.
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20 July 2024 | 6 replies
Hello,We've received an offer on our flip, and it's a VA loan offer, which is a bit new for us.
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20 July 2024 | 4 replies
I'm looking into getting a DSCR loan as I'm looking to move out of state in the near future but still purchase properties here remotely.