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5 April 2024 | 9 replies
Owner's share of the interest on the underly mortgage paid in 2023 is $5,000Owner of (shares and lease to) unit A has mortgage against that unit with a current principal of $800,000.
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6 April 2024 | 5 replies
She paid $115,000 about 7 years ago, and lived there up until a few months ago.
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7 April 2024 | 13 replies
However, they also make a ton as I paid $20k-$30k/door.
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5 April 2024 | 1 reply
.- $968 difference paid out over 12 months would be $80.60 per month MORE.The mortgage company is claiming that I owe $3,000 MORE in escrow and is charging me an additional $250 per month.I checked with them and I've NEVER missed a payment and have been up to date this whole time.They say its not a mistake but couldn't explain why I owed $3000 more instead of $968 more for the year.Am I missing something?
6 April 2024 | 3 replies
Based on what you described you will be incurring significant expenses renovating the building.
5 April 2024 | 2 replies
Overhead/maintenance will be more expensive, make sure you factor that in.
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5 April 2024 | 6 replies
Currently all properties are fully paid for SFRs.
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4 April 2024 | 4 replies
Also, keep in mind that as time goes on, unless there is a major catastrophic financial crisis, rents go up, your equity increases over time and the loan gets paid down, and your cash flow becomes higher.
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6 April 2024 | 7 replies
Around 2% in some of the cheaper areas, up to 3% in the more expensive tax areas.
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5 April 2024 | 37 replies
Not a commercial because no one is getting paid. purely investors help investors. https://www.meetup.com/investing-in-texas-real-estate/events...