Lynne Cregar Hernandez
financing a foreclosure property
1 March 2024 | 6 replies
I know construction loans have really high interest rates, around 11% , so is there any way around this??
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.
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.
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
Angelica Rose
Advice on House Hacking in NYC ?
3 March 2024 | 10 replies
A mortgage payoff in 5 years at these interest rates is indeed possible.
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.
Andreas Mueller
A Skeptical Dude's Market Analysis - February 28th, 2024
28 February 2024 | 0 replies
The “hype” hasn't even started yet (Kobeissi).Today’s Interest Rate: 7.16%(☝️ .02% from this time last week, 30-yr mortgage)Mortgage Rate UpdateMortgage rates are slightly higher again this week, to 7.16%.
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.
Peyton LaBarbera
Question about cap rates
26 February 2024 | 15 replies
I saw a listing for a 15-unit apartment building that is for sale and the property has a 5.3 cap rate, this isn't the issue.The issue is in the listing description the agent said the building could have rent growth potential based on the rising rent prices in the area which she said would bring the property to a 6.6 capNow my question is why would I buy a property for 2.5 million when with this new expected cap rate the property would tank to just under 2 millionNOI is roughly 132,000 and most units are in pretty good shapeAnother note is the average cap rate in the area the property is located in is a 6.4 cap