Jared Christian
Ulrich Faircloth
Can't Decide on First Duplex - Deal Analysis Help
22 September 2015 | 4 replies
Beautiful home.
Jordan McDonald
House Hacking FHA loan
14 September 2017 | 16 replies
This will be an over simplification but look at some simple numbers:Year #1:4-plex @ $400,000FHA Mortgage (3%) =$1,700 / month = $20,400 / year3-rents @ $1,000 / month = $36,000 / yearNatural / Forced appreciation (10%) = $40,000 Year #2:Refinance @ $344,400 ($440,000 value)Traditional Mortgage (4%) = $1,650 / month = $19,800 / year4-rents @ $1,000 / month = $48,000 / yearNatural / Forced appreciation (10%) = $44,0002nd 4-plex @ $400,000FHA Mortgage (3%) =$1,700 / month = $20,400 / year3-rents @ $1,000 / month = $36,000 / yearNatural / Forced appreciation (10%) = $40,000 With natural and forced appreciation plus the equity gained by investing rents, there should be plenty of room to lower the mortgage amount - watch out for higher interest rates because they will be something that bites after coming off a FHA loan especially if rates increase.
Raina B.
I'm so close, but don't want to get overwhelmed!
9 September 2017 | 15 replies
The beauty about this house it's already is converted into a two family just a permit was never put in for it.
Rodney Moore
Tyler Hardy
Non-Conforming Bedroom and Appraised Value
1 July 2020 | 4 replies
Currently there is a non-conforming bedroom along with a total of 1,000sqft of livable fully finished and well lit from natural light living space, including a bathroom and laundry — and a kitchenette area.
David Jackson
One is better than Two?
17 June 2020 | 10 replies
That's some beautiful stabilization in progress!
Vince Ivanov
AZ remodel - cost to raise the roof
1 October 2020 | 3 replies
You either redo all together or use beauty band traditions or diffident treatment on extended portion.
Account Closed
Kitchen Open vs Closed Concept
24 January 2021 | 19 replies
They're naturally brighter, are more ventilated and make the space look bigger.
Carlos M Dominguez