Kevin Brown
Primary Residence to Rental - Advice on Next Step to Scaling
29 February 2024 | 8 replies
Bought my first house (primary residence) in Denver, May of 2021, 3bd x 1 bath, for $525k with $85k down at an interest rate of 3.25%.
Deron Jewett
FHA 203b House Hacking Qualification with Existing Mortgage on Another Property
29 February 2024 | 4 replies
The mortgage is assumable upon their demise (and at a rate lower than those currently being offered).
Timothy Heck
Best lender for a HELOC In North Jersey
29 February 2024 | 7 replies
Citizens Bank offers a competitor rate - Also a bank with an existing relation ship will offer you good terms.
Nicole Elianna
Getting Started--- What would you do in my position?
29 February 2024 | 8 replies
With a typical LTR property @ 7% cap rate someone would need to buy with either cash for about 7M to get $500,000 cash flow or it's equivalent of equity if leveraged?
Yang Zeng
First investment (multi-home) property, close to home or in a cheaper market?
28 February 2024 | 43 replies
With what we have, we could pay cash for those properties, so that we can avoid the high interest rate nowadays.
Siddhant Pradhan
Prioritizing First 10 Properties for Out of State Real Estate Investing
29 February 2024 | 5 replies
I have been reading Long Distance Real Estate Investing - David Greene, and came across an interesting tidbit of information: Your first 10 (1-4, 5-10) property loans are Fanny Mae insured, after which your loan criteria become more unfavorable (variable rates, stricter credit score requirements etc.).
Olu Oguntoyinbo
Houston short term rentals
29 February 2024 | 9 replies
What kind of nightly rates, occupancy and amenities you can expect.
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%.
Patricia C.
Trying to purchase multiple properties
29 February 2024 | 8 replies
Despite the possibility of higher interest rates, they can have more accommodating qualifying requirements.If you currently own homes with a sizable amount of equity, you may be able to get funds for your down payment through a cash-out refinancing or a home equity line of credit (HELOC).
Andrew Terry
Fix & Flip Gains
28 February 2024 | 4 replies
Short term capital gains is your ordinary income tax rate and long-term capital gains where you hold the property a year or longer is considered long-term capital gains is in as taxed a lower rate.