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Buying a rental that provides you with $200/mo cash flow is equivalent to having $60k invested in the stock market paying a 4% dividend
Oh, and the rental gets you tax benefits
Remind me what the stocks give you?
I just gave up a 3.25% loan on a piece of property and am 1031'ing into a property with a new loan of 6.25%
Did I make a mistake?
Just got quoted an 80% LTV cash out refi on our primary at 5.375% on a 5/6 ARM with $2500 in closing costs…does that seem good right now and if not, anyone got recs for who can beat it?
The Fed has cut rates twice and hopefully a 3rd time today, and the 10 yr continues to climb higher
Make that make sense
Just closed on a property and a tenant brought a bunch of repair issues to my attention that they said the old owner about
I’m kicking myself for not interviewing every single tenant as part of DD and asking if there are any unresolved maintenance requests 🤦♂️
Do you do this?
Prior rent: $1200
Current rent: $1600
Rehab spent $8500
56% ROI
Minor cosmetic rehabs can have a HUGE impact on rentability
You’re about to buy a property that has 2 basement units…it is partially in a 500 yr flood zone
Are you buying flood insurance?








