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3 July 2024 | 6 replies
I was thinking of using the 9k that I can get out the refinance of the duplex for the down payment/renovations of my next house.
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3 July 2024 | 2 replies
Out of curiosity, once you reif, do you think you'll do another BRRRR or look into something turnkey?
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1 July 2024 | 29 replies
I realize this is a nice thing you are thinking about.
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4 July 2024 | 8 replies
That said I am very particular when I choose tenants, so I think that helps give me piece of mind as well.
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3 July 2024 | 3 replies
I've found some lenders that will go up to 80% sometimes, but I think your best bet might be a government-backed loan if you want such a high LTV ratio.
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3 July 2024 | 2 replies
If the seller is open to seller financing, I was thinking of putting in a full price offer with 10% down and maybe terms of 30 years with 4% interest rate.
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4 July 2024 | 12 replies
I think that regular rehabs are much easier.
3 July 2024 | 13 replies
I am thinking that can be offset by increasing rent periodically at the same rate.
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3 July 2024 | 4 replies
@Tristan Gardner it is the lenders legal obligatin to give you a statement (i think it is an IRs 1099 interest) of how much interest you have paid each year.
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3 July 2024 | 4 replies
I think changing from a “don’t rock the boat, keep rents stable for ‘good tenants’ ” mindset to a Vacancies aren’t the worst thing on the planet mindset as paid off in spades.