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why do people who try to explain use 30yr mortgage vs 15yr mortgage on 100k properties. The difference in interest is huge and wouldnt a 15 year vision be more closer to a home run?
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Investment Info:
Single-family residence buy & hold investment in Bromont.
Purchase price: $363,000
Cash invested: $8,500
We co-build our first house/home.
We live there but AirBnb hacked it.
In ...
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A prospective buyer wants to get a non-confirming loan (due to attractive 7 year rate). But they want to pay 10K less in purchase price as we are splitting some remodel cost. If the purchase amount is reduced, that wi...
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From a tax perspective is giving a buyer a credit (for repairs) same as putting amount in an escrow holdback? Would the escrow amount count as selling cost and hence my taxable gain? Or does it act more as repair/impr...
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On a multi family (2 unit) for 60k costCost Analysis Performed as Rental Property In: Rent - $16,500.00Out: (Annual) Actual Taxes - $861.00(Annual) Estimated Insurance - $1,322.00(Annual) Property Management (Optional...
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I'd like to find out if there is a maximum amount of mortage interest that one is allowed to write off of income taxes in any given year.
I'm a newbie and here's my situation:
I'm a farily new lawyer (48 yrs old, un...
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At what home price cant you cash flow like 10% to 12% cash on cash yield can we say $150k or $200k or $250k or $125k?Thanks,
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What do you guys think? Two 3-family apartment buildings on one lot.
Purchase price $300,000.
Gross rent:$4,800/mo - $57,600/yr
Cleaning and maint: $1,200/yr
Insurance: $3,400/yr
...
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Getting into investing in real estate and I was just wondering how interest rates affect the market and in what situations would a low interest be good along with a high interest rate. Can higher interest rates make i...
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When it comes to real estate investing, one strategy stands out for its ability to build wealth while significantly reducing your personal living expenses: house hacking with multifamily properties. If you’ve ever won...