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13 August 2024 | 9 replies
One of the benefits of new builds is that they tend to attract tenants who are looking for a fresh start and a place to settle down, which can help reduce the kind of headaches you’re dealing with now.If you’re ever considering expanding your portfolio or want to explore other opportunities in Indy, feel free to reach out.
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12 August 2024 | 0 replies
If a Cost Segregation Study had not been performed on this $3,000,000 RV & Boat Storage Building located in Fort Pierce, Florida that was purchased in 2020, it would have had first year depreciation of approximately $10,225.
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10 August 2024 | 2 replies
Before you start asking any questions you need to get an idea of what you qualify for in terms of financing.
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13 August 2024 | 3 replies
Home equity is 6-7% depending on length 5yrs vs 15yrs a 30 yr mortgage is 6%...Ideally rental stays rented out bringing in 1/2 of mortgage payment on new house based on numbers and is already cash flow positive bring in $1200/month (worth about 180k)and new property is going for 240k going rental price is about $2,000/month but I owe 18k still on private mortgage- reason I want to pay it off (4% flat 720 interest from cc for 1 year) to have it 100% paid off, then use home equity to pay off....or try to balance transfer balance after 1 yr which ever is lower but I figured that would mess with debt to income ratio and with this property being brand new, which is hard to find being located outside of closest major city...goal is to keep house rented out till it's paid off while also being cash flow positive with both properties combined and using paid off/ nearly paid off 1 to pay for 2nd rental, so I'd say lowest debt while also building wealth/equity not worried about a monthly/yearly profit per say as long as someone else is paying down the mortgage ie: my current property is bringing in $1200/month but current market value says it should bring in atleast $1500-$1600 but the tenant is phenomenal so she's paid same rent since 2017 I've put about 36k into between mortgage payments for 2 years and some up keep...she's put in the other 130k!!
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12 August 2024 | 4 replies
In the Netherlands the government is busy building a law with stricter rules against investing and owning real estate.At the moment I am reading the book ' No money down.
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12 August 2024 | 19 replies
It’s not to say there isn’t opportunities in Youngstown but if you’re starting out I’d recommend starting somewhere close.
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14 August 2024 | 4 replies
I utilize these products but more for commercial multifamily where they build in an interest only period, 30 year amortization schedule, and the bank funds as much as 100% of the construction costs.
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13 August 2024 | 15 replies
The air bnb’s help page was more informative but I guess it’s still not clear to me what is allowed other than a multi tenant building that you own.
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14 August 2024 | 1 reply
Our plan is to hold this medium-term rental property to build equity and develop a larger portfolio soon.
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15 August 2024 | 7 replies
I'm looking to start investing, and i like the brokerages that double close since they help you through the whole process.