I understand that a typical rental analysis takes the monthly rental amount, sets aside 5% for vacancies, estimates 50% for expenses, and then makes sure the remaining 45% pays debt service and leaves a profit.But I'v...
I know these are very basic numbers but trust me, I have already factored in every possible variable and this is what it boils down to without writing a book. I have until 5pm tomorrow to decide.$400k purchase price, ...
This article is from an interview we did to address which factors can impact a buyer’s mortgage terms.
- Can you outline what factors of a buyer’s financial profile can influence their mortgage terms?
Almost every...
Hi all,Curious people's thoughts in this deal. I am OOS looking to invest in an area like Detroit and start with a SFH. This is ready to rent and I have spoke with PM and rent is realistic. Not quite a BRRRR as more o...
Hi guys,I need help figuring this out before hitting the CPA office.House was bought in the 70s 80k, single, 200k renovation, market value 3.5 mil the house in California....how much capital gain taxes state and feder...
I have an opportunity to buy a house, but the current owner owes $14,000 on the house. I could probably buy the house for $40,000 to $50,000 (not including the taxes) and the place probably needs about $20,000 - $30,0...
Buy and hold. Is this a complete no-no? How good of a deal does it need to be before it is an okay move?
Hello all! I am currently using a HELOC on my first home to purchase a second property. When using my HELOC it will role into 100% Interest Payments that may be to steep to make any deals worthwhile. This may seem obv...
I have Citizens Insurance dwelling policy on a triplex and I noticed a "PROTECTIVE DEVICE CREDIT".Looking that up online there is a reference to it on how this credit is calculated:PROTECTIVE DEVICE CREDIT: Burglar = ...