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8 July 2024 | 9 replies
If you're interested in multi-family, I highly recommend starting out with multi-family with your first VA loan as it will be easier to get a single family residence after that.If you decide to pursue multi-family, you'll want to ensure that each unit is separately metered for utilities (water, gas, heat, electricity, etc.) as this is a requirement under VA financing.
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8 July 2024 | 1 reply
Sometimes its easier to knock down and start over. :)
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11 July 2024 | 22 replies
If you play this out, the property value starts dwarfing the loan principal.What does that mean?
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8 July 2024 | 6 replies
Charleston RE market definitely not an easy market to start with compared to other markets I've been analyzing deals on.
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9 July 2024 | 5 replies
The current market value of the home is about $645,000.Key Details:Purchase Year: 2020Purchase Price: $415,000Current Market Value: $645,000Mortgage Interest Rate: 2.99%Equity: $320,000Current Monthly Cash Flow: $1,450Return on Equity (ROE): 5.44% (without variable expenses)Return on Investment (ROI): 14.5% (without variable expenses)However, I've noticed some trends that are starting to concern me:- Home prices in my area are slightly reducing, and rental prices are also on the decline.- There are more houses listed for sale and rent in the neighborhood, which is pushing rent values down.- My current lease is up in September and the tenant is leaving, and I expect my monthly cash flow to reduce to $950, lowering my ROE to 3.57% and ROI to 9.5%, again, without variable expenses.- Homes are staying on the rental market for a few weeks, sometimes months, even at lower prices.
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8 July 2024 | 21 replies
I started looking into this because my husband and I are selling our primary residence and we have a VA loan on it and I have been thinking of more ways to attract buyers to our property.
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8 July 2024 | 29 replies
This was a 10k and 50 point hit to the credit lesson I do not want anyone else trying start a business in REI.
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8 July 2024 | 16 replies
Hey everyone,I am an out of state investor and im starting doing fix and flips in pittsburgh, the main obstacle for me now is estimating rehab costs from the videos, can you please advice from your knowledge how can i learn to do itThanks in advance.
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8 July 2024 | 20 replies
I am a current house flipper and looking to start converting into more passive investments and am really interested in the note investing concept.
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5 July 2024 | 8 replies
I feel like I'm folding a pair of pocket aces, but I have to play the game with discipline, or you lose your stake.