Ivan Aldana
Room count for mid term rentals
2 March 2024 | 7 replies
So if you look at furnished finder etc to find travel nurse rents, and look at area long term rental rates for the area you are considering you will get an idea of what will work financially.
Rich Chen
Buying real estate property doesn't make financial sense
1 March 2024 | 8 replies
Just a simple math:Let's say I buy a home for a million dollars, with 20% down and 30-year term interest rate = 5% + property tax = 1% + maintenance = 1% ------------------------------------------------- = Total 7% annual costs of owning a house Now, during the 30 years of owning the house Average homes in American appreciate 5% annually - Inflation runs 3% annually ---------------------------------------------------------- = 2% gain annuallyThose are just rough numbers.
Chad McGibbon
Advice on maximizing equity in investment properties
1 March 2024 | 5 replies
This can build equity and potentially increase rental income through property appreciation.Another option is to sell one or more properties to free up equity and reduce mortgage debt, which can be useful for reinvesting or diversifying investments.refinancing one or more properties to lower monthly mortgage payments and increase cash flow could also be beneficial, especially if interest rates have decreased.the best course of action depends on the clients financial goals and risk tolerance
Ian Verzoni
CoCR on a paid off property?
1 March 2024 | 6 replies
A year and a half ago I bought a house in cash to avoid a +7% interest rate on my mortgage.
Ashley G.
Potentially selling an investment property
1 March 2024 | 4 replies
Purchased for kids future/college fund (maybe relevant maybe not) Mortgage rate is 4.4% currently paying $1149 a month (including taxes/Insurance)Currently rents for $1550 (room for upping rent to $1600+)In the 2 years Ive had it, Ive added a roof(insurance claim),new windows, new bathroom, plumbing.
Zeek Collins
International Real Estate
1 March 2024 | 19 replies
HI Zeek,The good thing about investing in the US is that you can have a fixed loan rate for 30years which is not common in SE Asia or other countries.
Ricky McCoy
Refinance portion of BRRRR
1 March 2024 | 10 replies
-Cash out Refi with a private lender who has higher rates/fees-One of my friends buys a property in the name of his LLC, rehabs it, then sells it to his spouse.
Chris Good
Adding Value and Controlling Costs
1 March 2024 | 5 replies
If the building is evaluated at a conservative 10% CAP Rate, the value of the building is increased by $45,000.We’ve found this to be more readily accepted by our residents than simply charging a flat utility fee because it gives the resident more control of their costs.
Nathan Harden
Calling All Creative Minded Individuals
1 March 2024 | 9 replies
Went home plugged in a purchase price of $1,250,000 ($625k for each duplex) then 10% down with a 3.5% interest rate to get him his $5k a month.He told me a 10% DP wasn't enough, didn't like the purchase price and asked If I was serious with a 3.5% interest.
Sean Kirk
Looking For Experienced Wholesalers (5+ deals a year)
1 March 2024 | 4 replies
While I haven't had the opportunity to work with hedge funds, I do remember it being a thing back when rates were at 3%.