I am looking to decrease my interest rate from 3.59% to 1.74% offered by my mortgage company when I requested them to look into a rate decrease. Owe 335000 with 3 more years in current 5 yr fixed mortgage. 16000 penal...
Hi. I am considering a BRRRR deal. When analyzing many of them, one of the things that happens, after refinance, is the cap rate always decreases to a number that seems to low for our market.I am just trying to wrap m...
If I bought a property for 40k, ( purchase and rehab), and my Noi is 8k, my cap rate is 20%
Question? If property value increases to 120k after 5 years, and my Noi is the same 8k, does my cap rate drop to 6 %? Is c...
Hi All,
I was driving around my neighborhood and I noticed a lot of for rent signs. I have a tenant who's lease is coming up in a triplex I own in the area, and they requested a $200 reduction in rent of of their c...
Hello,I'm wondering if anyone has been in a situation where your current rent on a sfh is such that when you rented in last year (or prior year for those that experienced this a while ago) the rent was the average for...
The past few weeks I've written about a looming window of opportunity for investors to revaluate and re-engage the real estate market as winter has taken full effect and the rise in rates late last year dissuaded many...
Hi Everyone. I wanted to see what your experience has been with spending a little more on rehab and has that helped to reduce your tenant turnover? Maybe improving kitchen cabinets, countertops and replacing vanities....
The US birth rate has dropped for a 4th year in a row. Will this hurt multifamily real estate over the long term?
If yes, where, when, why?
If no, why not?
"The United States’ birthrate fell for a fourth consecuti...
Hi BP - I am currently refinancing my primary residence. Since I've started the refinance process with my lender, the fed has cut interest rates twice. I've emailed the lender to see if they can adjust my rate and the...
Hi all, I am curious how are other markets doing? By How much do you increase/decrease rent in your units? Are there any differences between the two?
Let me start with mine:
Rents in my market ha...