21 June 2020 | 12 replies
Bought another house In England and improved it while, living in it.
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11 June 2020 | 12 replies
I know that I will need to improve upon various aspect before getting myself into another deal but I, definitely, do not want a partner.
23 June 2020 | 9 replies
Some banks factor in the rental income to improve the ratio but that's a lender specific question.
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9 June 2020 | 11 replies
It would, of course, improve after the renovation is complete and renters are in it.
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9 June 2020 | 7 replies
Long-distance investing seems like it might be the better option in terms of improving the likelihood of finding deals.
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9 June 2020 | 4 replies
The rent covers the mortgage, insurance, and HOA, but after paying for property management fees I am losing ~$200 per month, and have little for CapEx, vacancy, and repairs, although it is newly remodeled.Based on my research I know that it is not smart to rely on property value appreciation to justify the negative cash flow, so I have researched ways to try to improve my cash flow:Increasing rent is not an optionProperty management is necessary as I live out of the countryRefinancing doesn't seem very advantageous, my mortgage is a 30 yr fixed rate at 4.375% and the rates in Denver only look slightly below that for attached homesRecasting the mortgage seems like a decent optionUsing this calculator it looks like I could go from Principal and Interest of $1,541.79 down to $1,317.05, for a monthly reduction of $224.74, achieving a slight cash flow positive, if I invest $40,000.
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14 June 2020 | 15 replies
Having the car loan actually improves your credit score.
9 August 2020 | 75 replies
See the diagram below.Advantages of buying turnkey:Cost consolidation - “Batteries included” - You pay one price for everything including the property, rehab and tenant acquisition.
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10 June 2020 | 4 replies
However, any money saved from sweat equity can be used for additional improvements or used to reduce your loan balance.
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15 June 2020 | 47 replies
Lithium batteries on power tools.