David Griffin
Local Credit Unions and conventional lenders
24 April 2024 | 3 replies
It is easier to buy a home in a price range of $100K+ range that either has enough equity after renovations or appreciation to pull out a LOC or cash to use for the down payments or to purchase "All cash" for those deals under $75K.problem with low loan amounts is you will be maxed at 75% LTV and doing a cash out refinance on a $50K home is going impossible due to most lenders having a minimum loan amount.
Na Christian
Interest-free seller financing
24 April 2024 | 4 replies
My goal: create an interest-free loan which is appealing to a potential homebuyer, yet doesn't make too big of a discount on my end.For example: If I sold my $300,000 house with 20% down ($60,000) over 30 years, at 6.7% interest rate: $1548.67 principal and interest per month1548.67 x 12 x 30 = $557,521.20What I would do would offer a lower monthly payment and no usury, but it would effectively be like a prepayment penalty.Arbitrarily, let's say 20% off the monthly payment, or $309.73 less per month: $1238.94 monthly payment.House would be sold at $446,018.40, which is $111,502.8 less than the total paid with a normal mortgage, but $116,018 more than the market price.
Neil Stark
House-Hack in Side by Side Duplex
24 April 2024 | 0 replies
Purchase price: $332,000 Cash invested: $32,000 House-hacking currently in a fully renovated duplex on the outskirts of quiet Bowmanstown.
Kyle Smith
Build or not to build
24 April 2024 | 42 replies
I definitely would not be building one at todays prices with 10 - 20% down right now.
Aaron Washington
What are good Internet speeds for a STR?
24 April 2024 | 3 replies
I see you are in Orlando, so I imagine your options are Spectrum and maybe FiosI usually go with 300 or 400 mbps depending on options and price (changes all the time).
Stephanie Cora Cruz
House Hacking Build Wealth
24 April 2024 | 0 replies
Purchase price: $390,000 Cash invested: $25,000 House hacking is a strategy that involves reducing or eliminating your housing costs by renting out a portion of your residence.
Kenny Dofer
Unconventional investment strategy?
24 April 2024 | 1 reply
.* "Rent" could be tax deductible* I get to secure a good property (condo) early, before prices increase (when rates lower)* Eventually, both properties become positive cashflows, and I get to have two leveraged properties within 1-2 years.Thanks!
Arn Cenedella
Greenville South Carolina Multifamily Portfolio
24 April 2024 | 2 replies
Purchase price: $138,000,000 Cash invested: $50,000,000 Numerous apartment assets in Greenville South Carolina.Click link to access complete portfolio page:HTTPS://investwithspark.com/portfolio What made you interested in investing in this type of deal?
Shawn W.
New investor intro & Meet up events in Bay Area, CA
24 April 2024 | 5 replies
However, the hard part is the expensive bay area entry price - even with the VA loan, it's still difficult to find places that makes sense for both while we house hack and when it's turned into investment property if we move.
William Coet
Multifamily Prices so High that Only Cash Makes Sense, But Why Not Put Cash in CDs?
21 April 2024 | 47 replies
Why are people willing to pay these prices when they could put it in a CD?