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15 March 2024 | 6 replies
Or better to just build 6-8 for a bigger investor?
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15 March 2024 | 20 replies
or:Do I say: "Sorry, Ive changed my mind and the discount does not apply", but then she will get upset and will move out and its financially better for me to keep her for at least one more year...What would u do?
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15 March 2024 | 8 replies
Only add solar to make yourself feel good or better than your neighbors.
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15 March 2024 | 13 replies
Less affluent areas that will benefit greatly from occupancy taxes and tourism may be a better bet.
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15 March 2024 | 14 replies
My goal would be to buy, rehab, get up to market rents, refinance at a better rate.Three duplexes in Virginia:Property 1 (2 units - 2 bed 1 bath each)- Appraised Value: $245k- Mortgage Payoff - $183k- PITI: $1709.57 - Interest Rate: 9.25%- Total Current Rent: $600 (one unit is vacant)- Market Rent Based on HUD: $2986Property 2: (2 units - 2 bed 1 bath each)- Appraised Value: $270k- Mortgage Payoff - $202k- PITI: $1845.29- Interest Rate: 9.25%- Total Current Rent: $1450 - Market Rent Based on HUD: $2986Property 3: (2 units - First is 3 bed 1 bath, second is2 bed 1 bath)- Appraised Value: $263k- Mortgage Payoff - $190k- PITI: $1809.04- Interest Rate: 9.25%- Total Current Rent: $1500- Market Rent Based on HUD: $3572Other Factors:Total Current PITI is $5363.90Total Rent is $3550Tenants are all month to month with 1 unit vacantEquity After Deal: $197k (may be more as appraisals were done 1 year ago)Rehab costs to get market rent: $20k per unit or $120kLet me know your thoughts!
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14 March 2024 | 13 replies
I've grown to learn what to do, how to do it properly, and continually educate myself to do better on the next deal.
15 March 2024 | 6 replies
Also would hope interest rates may be better by the time everything would be complete.
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15 March 2024 | 4 replies
I have Navy Federal Credit Union and you would think they have better rates, but not exactly.
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15 March 2024 | 5 replies
So, you have to ask yourself, if you sold it, could you get a better return than that by investing in something else?