Luke Carl
Determine how much an STR will make using the ENEMY method
2 May 2024 | 31 replies
An owner that is blocking multiple dates per year will likely not qualify as an enemy due to the number of reviews.
Joseph Schweizer
My first investment property - An out of state deal
30 April 2024 | 99 replies
I don't want to speak for Joseph, but yes the $230 accounts for all expenses (taxes, insurance, mngt, debt service, future vacancy & future maintenance reserve).
Pradeep R.
Memphis or Alabama market
30 April 2024 | 2 replies
From Wikipedia, Alabama has the second lowest property taxes behind Hawaii.2.
Juan Mora
Tulum Mexico Viventum
30 April 2024 | 16 replies
Just make sure you do a property due diligence.
Joseph Ducharme
New Investor in Charleston, SC
30 April 2024 | 12 replies
Additionally, because it is a new construction, it is taxed as raw land for the rest of 2024, which will only be about $30-$40 of taxes for the remaining seven months of the year.
Adoney Reid
Buying 1st Investment Property Next Q3-4, Will Taking out business credit card affect
1 May 2024 | 8 replies
The loan program qualifies the property by using Rental Income to cover the Total Mortgage Payment which includes Taxes, Insurance, and HOA.Regards,Michael Taylor
Scott Trench
Why Do So Many Internet People Think that Society is About to Collapse?
30 April 2024 | 14 replies
I believe that this is due to (finally) rising interest rates deflating asset values, which is highly correlated to the exponential increases in income for top earners like CEOs, executives, money managers, RE investors, and Private Equity Groups.To me, the only logical stance is "rational optimism" (I heard this term from Morgan Housel).
David Ounanian
What financing options are available for real estate investors?
30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,
Ryan Holtz
What Real Estate Markets Should I Invest In As A First Time Investor?
29 April 2024 | 17 replies
A lot of people look for just appreciation, just cashflow, or just follow the trends without the best guidance and that move ends up not working out due to many different outcomes that are not favorable.
Frances Laboy
Taxes - Capital Gains
28 April 2024 | 0 replies
Hello. I own a property here in FL since 2019, but we are looking to relocate in Puerto Rico. We would like to rent the house for around 2yrs. If we move to PR and we sell the property after 2 yrs: 1- is the 2 out of ...