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6 March 2024 | 3 replies
The only scenario in which we would consider wholesaling a property with tenants is if the rent is already at market rate and our selling price meets or exceeds the 1% rule.
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6 March 2024 | 12 replies
That interest rate is a gold mine and over time this property will get better.
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6 March 2024 | 10 replies
I never fill these out and just pay the flat rate which is has always been less than $100.
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7 March 2024 | 23 replies
Each class has different tenant pools, appreciation, turnover rates, etc.
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6 March 2024 | 2 replies
Overall, the surge in new apartment construction, introducing 440,000 units nationwide, underscored the direct inverse correlation between supply and rent growth in 2023.It is important to note that some markets such as Miami and Detroit have shown resilience posting continued rental rate growth figures indicating a fundamental strength in those markets as well as a secular shift in American demographics.Meanwhile, New York City stays consistent with an unprecedented housing crunch, reaching a 50-year low in rental availability.
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6 March 2024 | 25 replies
The longer you use them, the harder it is to get away.Oftentimes, they undercut the nightly rate in order to get bookings.
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6 March 2024 | 6 replies
I am paying 6% rate for my primary residence.Why I should hold ?
6 March 2024 | 8 replies
She does not have money for her expenses and is borrowing at a high rate of interest which is becoming impossible the idea is to sell my cousins rental property take a boot to cover her expenses and the rest ($750,000) do a 1031x.
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6 March 2024 | 2 replies
Back to finance question, would it be a better decision to take the funds from the sale of the 2 acre lot and pay off the current mortgage (~$150k) and live in the current home for a year or so (in hopes that interest rates will go down) then refinance that take out $400k from equity (~$750k) to build new house?