I side the some of the earlier comments - even thought this wasn't the best deal, more important is that you're still likely paying less to live there than if you were renting from someone, and you're building equity internally as the loan is being paid off.Look for ways to increase the value of the property and individual units so that you can increase rents.  

Double Declining Balance isn't a valid method for the building itself, but it is a valid method to be used if you're doing extensive cost segregation on the components.  

I have had issues where banks will still do LTC at 6 months, but LTV following a year.Lenders can always adopt a more conservative internal overlay which is more restrictive.

Hi all,I need some help here please....  I have followed all the suggestions from bigger pockets and the books I have read.  I have created a business/investment plan along with operations manuals.  Funny thing is I o...

Good questions, I remember when I took the first CCIM  course,(in the 70's) they talked about the Internal rate of return and other mathematically systems to come up with a rate of return on investment.Well...............I decided if I have to go thru all those calculations to find out how much I was making, I decided I did not have to be all that sophisticated.

Lenders set their rates based on their profitability metrics (internal fundamentals) and they publish those rates and their originators are given rate sheets that indicate the rates offered that day by that lender  (in a volatile rate environment, these rates might change up to several times a day).  

I deal with many international buyers in my land business.

;. somebody suggestions a tiny house communitiy. i did a google and i LOVE LOVE them for my area and the green movement... the local colleges and intern dr.s.

Thank you.If you are going to hold long term, it's easiest to ignore the current component ages when determining how much to lay away in CapEx accounts in a long term proforma.  

Over the years, Stella has earned various designations and certifications including Business Broker Specialist, Short Sale & Foreclosure Resource Specialist, Certified Short Sale Professional, Certified International Property Specialist, Transnational Referral Certification, Certified Probate Real Estate Specialist, and appointed Real Estate Special Commissioner for Maricopa County Superior Court, AZ!