John Ingallina
Advice on financing options
4 March 2024 | 7 replies
Here are some details:- HELOC on my primary, paid off residence (current rate 8.65% could be used to do an all cash offer.- I have a second home (condo) with no mortgage that I could also take a mortgage or HELOC against, but not for 6+ months as it was just purchased.- I could go traditional loan, using primary home HELOC as down payment, so effectively carrying two notes (down payment with higher HELOC rate, balance with current mortgage rate). - credit score is above 800.Any guidance on above options or ideas on other financing scenarios would be greatly appreciated.Thanks so much!
William Kuczmera
Is Cashing out my 401k to buy a duplex a good idea ?
5 March 2024 | 34 replies
I can get a loan of up to $50K over 60 months at a rate of 4.25%.
Sam Fulkerson
How Are You Getting Cash for Your Purchases?
5 March 2024 | 9 replies
So, with interest rates on a roller coaster and the economy doing its own thing, I'm curious how we're all wrangling cash for our real estate opportunities.
Omosalewa Aderonmu
Google Sheet Rental Property Calculator
5 March 2024 | 25 replies
Cash on Cash ROI, Pro Forma Cap Rate and Purchase Cap Rate.GOOD DEAL is only based on Monthly Cashflow greater than $200 but I really want to factor in the Cash on Cash ROI metric.
Bubba McCants
Potential Real Estate Investments
5 March 2024 | 5 replies
I am not a contractor but i know a couple that build for me at a reasonable rate.
Dan Aharon
DSCR loans for STR purchase in Florida
4 March 2024 | 10 replies
Any good lenders to contact and/or what rates should I expect to find?
Brick Biermann
What's My Next Move?
4 March 2024 | 3 replies
At this point the value of the house is still increasing but not at the same rate as the previous years for a number of obvious reasons (high Interest rates, age of house, etc.) and at this point I'm not sure what my next move should be since I don't like having all that equity tied up in the property and borrowing against it (HELOC) doesn't seem like a good idea since banks seem to be charging even higher than "normal" interest rates because the house is not my primary residenceIt's been almost 2 yrs since a I moved out of the house and I know my time is running out before we'll have to pay capital gains on the property if we chose to sell it [unless I do a 1031 exchange of course] but wondering what other options I might consider.
Peter Morgan
Tenant wants to add more roomates to keep up with payments
5 March 2024 | 6 replies
If they want to live off-campus, they need to pay a market rate.
Anthony DelVecchio
Am I ready to house hack?
5 March 2024 | 7 replies
Market yourself at hourly rates to do the training at your client's home.
David Ramirez
Is it true that 90% of people fail in Real Estate within the first 2 years?
5 March 2024 | 5 replies
The Failure Rate is from people's head space more than anything else.