Johnny McKeon
How do you feel about a ...??
7 October 2024 | 0 replies
How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payment $3,616.66Or pay $22,295 in closing costs and get a 6.375% Monthly payment of $2,975The monthly payment difference between the two is $641.66And when you take $22,295 in closing costs and divide it by $641.66 that will give you 34.5 months (2.89 yrs) to break even if my math is correctHow do you guys feel about taking a lil less than 3 years to break even on $22,295And the seller is giving me $15,500 in seller concessions thank you everybody for your help!!
Ian Dale Ibrado
Screening tenants when theyre a company
7 October 2024 | 1 reply
Dont want to make a mistake that it might be someone random pretending to own the company.
Dametric Shaw
USDA Multifamily Loan Guarantee
8 October 2024 | 0 replies
Does anyone have experience with applying, qualifying, or building with the Guaranteed Rural Rental Housing Program?
Patrick Bergeron
Hawai’i flippers, I Need advice- flip on Oahu
17 September 2024 | 4 replies
I’ve done rehabs on the mainland, and this would be my first in Hawaii so I want to be as prepared as possible and ensure my analysis accounts for everything (or as close to!).
Alan Asriants
Realties of being a Realtor
18 September 2024 | 5 replies
Following up with a seller lead for 4 years to lose the business to a family member2.
Patrick Anderson
Retired attorney looking to assist with acquisition and contract drafting
7 October 2024 | 2 replies
As far as drafting contracts most of the investors I know simply use whatever contract they’ve been using over and over again.
Matt Barakett
Is a corporation necessary for first investment property?
7 October 2024 | 3 replies
Although after speaking with other investors, some are telling us that it is not necessary to start a corporation for our first investment and its better to just buy in our personal names and incorporate later.This sort of advice that we have received is based on the information that a corporation costs more to start up and maintain.Should we incorporate now or later?
Pete Schmidt
STR liability insurance
13 September 2024 | 11 replies
Or they don't obey the rules and signs to stay away from the horses in the pasture.
Luke J Nelsen
Fon Du Lac County Rental
6 October 2024 | 11 replies
All of the above as well as BP insights.
Alecia Loveless
Disposing of a Tenants Possessions
16 September 2024 | 3 replies
They’ve been told repeatedly to get rid of the junk.