Michelle Boyd
USDA recommended loan officer - USDA loan Ga
26 June 2024 | 8 replies
I'm wanting to purchase and rehab or build in rural Ga but would like to talk to a good loan officer who can let me know if the location and me qualify for a USDA loan?
Juan Rodriguez
Adding storage sheds to 7plex
27 June 2024 | 5 replies
The rent per unit (1/1) is around 850-1,000, and planning to charge ~$50 per month per shed unit.
Vasudev Kirs
What would you do with lumpsum rental income?
28 June 2024 | 2 replies
Hello:My tenant paid six months of rent as a lumpsum amount.
AJ Wong
Top 7 reasons to consider an STR vacation rental investment on the Oregon Coast
25 June 2024 | 1 reply
I see dozens of AirBnB rent roles for active listings monthly and on average, a well run STR rental generates roughly 10%+ of the properties valuation in gross annual income.
Zachary Sakena
Subdividing with conventional mortgage loan
29 June 2024 | 8 replies
Once I rent it out it will cash flow 1000 a month.In regards to the new build, definitely building is more to the tune that this is going to be the home I live in for 7-10 years as oppose to purely economics.
David Lamb
Purchase house to flip with tenants inside
27 June 2024 | 12 replies
Seller distressed and willing to sell his property for 22% discount, however his family is living inside rent-free.
Alan F.
B of A says housing market is "stuck"
28 June 2024 | 2 replies
As rents in some areas drop and vacancy rates rise there will be more downward pressure on the CPI for the fed to lower rates.
J. Nicci Coffie
How to Create a New Lease When Renewing a Long-term Tenant
27 June 2024 | 4 replies
My tenants have been in place since 2019, and so far, I have been renewing and updating the lease with a 1-page Lease Amendment-Renewal Agreement stating the new term and increased rent amount.
Jason Mergl
What to do with my Equity?
27 June 2024 | 14 replies
Below are the details of each property, including purchase price, current estimate, and equity, along with their respective cash flows:Home 1 - Condo, (2 BR, 2 Bth) Fayetteville,NC- Purchase price $50,000 - Current Estimate $75,000, loan amount 0 = Equity $75,000Cash flow - Rent - $825, PM Fees $75, HOA Fee $100, HOA Assessment $163, Taxes $50, Ins $25, Loan Pmt $0 = Cash Flow $412Home 2 - Condo (3 Br, 2 Bth) Fayetteville,NC- Purchase price $89,000 - Current Estimate $155,000, loan amount 0 = Equity $155,000Cash flow - Rent - $1250, PM Fees $112.5, HOA Fee $231, Taxes $90, Ins $30, Loan Pmt $0 = Cash Flow $786Home 3 - SFH (3 br, 2 Bth) Little Rock, Ar - Purchase price $189,000 - Current Estimate $300,000, loan amount $85,000 = Equity $215,000Cash flow - Rent - $1500, PM Fees $150, Taxes $269, Ins $156, Loan Pmt $766 = Cash Flow $159Home 4 - SFH (3br, 2 Bth) Abilene,TX - Purchase price $225,000 - Current Estimate $315,000, loan amount $51,600 = Equity $265,000Cash flow - Rent - $1850, PM Fees $185, Taxes $583, Ins $145, Loan Pmt $1400 (0 Interest) = Cash Flow -$463Total Equity = $710,000Total Cash Flow = $894Sell, Sell with 1031 exchange, Cashout Refinance, HELOC'S...Too many options, i don't know what to do.