I currently live in the bottom and my top tenant pays for 67% of my mortgage.

The new LNG plant has driven significant economic impact in the area, creating a very favourable investment environment.We have secured funding for $45 Million of the $60 Million project (mortgage) and have another large amount of capital raised for the equity portion.

Now, the headlines are saying things like we may have avoided a recession, the FED stopped rate hikes, Mortgage rates are dropping, Housing markets are heating up in 2024.  

If mortgage rates climb up again then no appreciation or price depreciation.  

From my experience talking to lenders, as long as the appraisal says the rental income can cover your mortgage, you are in a good spot to secure the loan.Feel free to reach out to me if you have additional questions on loan options (I work with investor-friendly lenders) and/or if you need a second opinions on investment properties in the Denver area.

🌐 Following a positive job report, 30-year fixed mortgage rates soared above 7%.

Rents will nearly cover all mortgage plus utilities.

I have another rental property free and clear and considered securing the funds by taking a mortgage out on it.

These homes will usually have ARVs in the mid to high 1s and are in areas where the rents will cover the mortgage and cash flow a bit too.Some areas that fit this criteria include but are not limited to: Penn Hills, Carrick, West Mifflin, Homestead/Munhall, and more.

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.