Makan A Tabrizi
Owner Occupied, low doc Loan for multiunit investment property
7 August 2024 | 1 reply
I want to limit the down payment outlay so I'm willing to move into the new property (trying to conserve as much cash as possible for possible renovations).
Kevin Duong
Potential needs or tenants when house hacking
7 August 2024 | 1 reply
This will give you guidelines during your selection process, so you do not discriminate and screen tenants appropriately.
Alondra Ramos
Is seller financing wort it /doable in California?
6 August 2024 | 2 replies
So I came across seller financing...Does it work?
Marty Sheckter
Rent or Sell Condo Feedback Needed!
8 August 2024 | 3 replies
I put some numbers below into this Rent or Sell calculator.https://www.narpm.org/members/resources/rent-vs-sell-calculator/ESTIMATES ON ROI (15 year time frame)at 5% Appreciation would profit $100K if SELL nowat 6% Appreciation would have $3,500K more if KEEP and sell after 15 yearsat 7% Appreciation would profit 122K if KEEP and sell after 15 years(Assuming a conservative 6% ROI on money invested from sale.)NOTE: The property appreciated 10% in the last year so I’m thinking 7% over the next 10-15 is reasonable.DETAILSSale Value: $520,000 (Best guess)Paid: $437,000Original Mortgage: $415,000Mortgage Balance: $380,000Interest: 3.375%Monthly mortgage: $2,899Mortgage Difference: $1064Annual Taxes, Insurance, HOA etc**: $20,345**$13,865 (Non Homestead tax) $4,680 (HOA) $1,800 (Landlord Insurance)Monthly Rental Charge $3,500*Appreciation 7%Years to Hold: 15More assumptions used in ROI Estimates Above90% occupancy,15% capital gains charge6% selling feeRate of return on gains if selling now instead 6%Annual maintenance 1%Annual rent increase 4%$3,500 is slightly aggressive. unlikely I could get more.Thanks in advance for any constructive thoughts and comments!!!!
Carlo D.
Rent redi and Property manager - Had a question
7 August 2024 | 0 replies
Another newbie question here so I apologize in advance.
Grant Shipman
How do you ensure a healthy and supportive environment in your co-living space?
7 August 2024 | 3 replies
That is why co living is so difficult to scale!
Sam McCormack
NAR Lawsuit and Questions
7 August 2024 | 23 replies
So instead of a data-driven and transparent approach to recommending commissions, more and more sellers will be entirely ignorant of what the prevailing and competing commissions are.
Catherine Call
Can Married Couples Have 2 Primary Residences?
6 August 2024 | 3 replies
There are two units in the NV home so I would live in one and rent out the other.
Tiffany Da Silva
Low Income & 2 rentals - Need advice on next steps to invest in real estate
6 August 2024 | 6 replies
So you mention the $30k in cash.
Tashsa Holmes
Land loan clarification and advise needed
7 August 2024 | 0 replies
We have 70k which was enough for intial loan it was 5% down but lm not so sure with the land only because deposit is that.Intial loan we made no paymts until it was done, this one we have pymts right away and will need to now save for septic, water hookup.We thought we could make apt after utilities are in, in the garage for now and at a later time get a manufactured home.We both arent sure what to do.