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16 April 2024 | 18 replies
The mortgage payment is based on the interest rate and term.
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16 April 2024 | 12 replies
If I have some insight into the general strategies of how to do what I am asking (which is what I was trying to get asking these questions) it would help me during that conversation.
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17 April 2024 | 18 replies
@Anna BuffkinWhat are the typical interest rates and terms you're getting from this lender?
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16 April 2024 | 2 replies
It's crucial to understand the financials and market trends to gauge the potential value of a property accurately.One key aspect is the cap rate, which is a big player in determining a property's value based on its income compared to its price tag.
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16 April 2024 | 25 replies
Some easily verified facts:- San Diego appreciation has been great - San Diego rent growth has been great- prop 13 protects against exorbitant property tax increases- San Diego has one of the lowest eviction rates in the country- San Diego has one of the lowest delinquent rent rates in the country- San Diego has a very low vacancy rate- historically for long holds, San Diego has produced near top in nation return.
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16 April 2024 | 11 replies
., as the average effective property tax rate in the Lone Star State is 1.60%.
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16 April 2024 | 3 replies
Now worth $650,000Step 5: Brought the four family rents up to market rate which is $5200 per month.Time to complete: 10 years.Cash flow went from $350 per month to $2,000 per month.Properties are now worth around $1,000,000.Success story BStep 1: Bought a condo in 2014 in a HCOL city for $200,000 and rented it to a roommate (house hacking).
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17 April 2024 | 5 replies
Does anyone actually believe the reported inflation rate or that US denominated debts (worldwide) will ever be repaid?
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16 April 2024 | 0 replies
Directly North is still A market-Shawnee)It looks good with straight investor metrics using Fannie Mae conforming loans (25% down, 7.1% rate with a few points) and easy ARV monthly rent of $1700/unit ( I get this number based on the exact same floor plan in Raytown with complete rehab placing a tenant at $1500, and Raytown gets lower rents than Roeland Park KS.)
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16 April 2024 | 2 replies
The rate is about 5.25% or similar for 5 years.