7 January 2021 | 6 replies
Thank you.Property details:- 3 unit building (2bdrm, 1bdrm, studio)- Rental Income (approx): $5,500/mo- Mortgage (approx): $7,500/moWe would choose to live in the 2bdrm, which would cut the rental income to ~$3,000 ($4,500 to cover the remainder of the mortgage)Alternatively, the single-family option:-We buy a single-family home and pay the mortgage of ~$4,500.
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10 January 2021 | 12 replies
The management company has done nothing to collect the rent nor reached out to the tenant to make alternate arrangements.
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10 January 2021 | 3 replies
I've heard of hard money lenders but I was looking for other alternatives that someone more experienced might know of.
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17 January 2021 | 12 replies
There are also nice alternatives- Buildium and Appfolio.
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7 January 2021 | 7 replies
So if that is the you will also want to look into lender that do alternative lending and/or NON QM loans that do not have that 2 years of experience requirement.
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6 January 2021 | 4 replies
I'm looking for alternative ways to sell this quick after the listing contract is over, if I don't get a reasonable offer in a week or so.
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6 January 2021 | 1 reply
What you need is a self-directed IRA: an account held by the custodian allowing alternative investments.
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7 January 2021 | 8 replies
In other words, partner with a good friend.I would be careful here, these partnership issues could derail even the best deal.If finding the right partner is impossible then your alternative is to assign the deal to someone else who has the capital to take it down, and receive a large assignment fee.
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8 January 2021 | 6 replies
I was facing similar "underwriting" issues here in Columbus OH, I talked with my mentor on what to do, his advice was push in, ask questions, get a clear why, and see if there are alternatives.
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11 January 2021 | 55 replies
Even if not the best deatl possible, this would likely beat the alternative of earning .5% in a high yield savings account in a 2%+ inflation environment.When I think of CoC return, I think of it no differently than you would if buying dividend stocks.