21 June 2024 | 14 replies
I don't ever see anyone talking about this, is it cause no one owns their duplex for over 30 years, they don't do a 30 year mortgage, they rent a lot more then the mortgage payment???
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22 June 2024 | 3 replies
Besides, the € has been fairly stable against the $ over the last few years and that could continue if the FED and the ECB follow similar monetary policies, as the market likely believes.
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22 June 2024 | 28 replies
So flat or falling rents, rising expenses, and high asset prices make it tough to cash flow and would probably require a higher down payment, especially if using a DSCR loan.However, over the long term, despite the past 2-4 years of very high new supply, new construction starts are way down.
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21 June 2024 | 5 replies
A FORMAL loan Mod done 9-16-2020 (But NOT recorded until 6-9-2022) reduced their rate to 3.375% to be REAMORTIZED over 360 Months.Looks like HUD took back a SUBORDINATE 2nd lien in the amount of $101,500 dated 9-16-2020 (Recorded 6-9-2022 at the same time as the Loan MOD was formally recorded)BUT they fell behind AGAIN so then another Loan Mod was done on 4-14-22 (recorded 7-15-2022) which reduced the Interest Rate lower to 3.125% to be REAMORIZED again over 360 Months.
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21 June 2024 | 4 replies
Thanks Kim, If I were to install them I would go with the card/app ones but thinking it over I feel as if I would be trying to squeeze to much from my tenants, just going to go with updated an updated washer and dryer and not charge them.
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21 June 2024 | 2 replies
We totally get the premise behind the Brrr method but at the same time, if you can utilize the same cash principle to buy a bigger, better rental house that will appreciate well over time due to location, wouldn't it also make sense to consider using the cash house equity for this bigger location house to be refinanced later at a lower rate and take the equity out of the better location house then and use the equity later?
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21 June 2024 | 11 replies
It's my understanding that formatting an S-corp for taxes benefits under an LLC is beneficial after you hit a certain benchmark, I believe over ~$40k in profit.
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21 June 2024 | 11 replies
The tenant vacated last month after staying there for a little over two years.
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20 June 2024 | 13 replies
Use these conversations to refine your pitch and understand investor concerns and expectations.
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21 June 2024 | 31 replies
Would you recommend one over the other?