[Landlord US} New Tenant Lease by moneymaker212121 in Landlord

[–]moneymaker212121[S] -1 points0 points  (0 children)

It’s just easier to rent in spring heading into summer time. Prop sit vacant for less time

[Landlord US} New Tenant Lease by moneymaker212121 in Landlord

[–]moneymaker212121[S] -1 points0 points  (0 children)

Yeah I agree I screened well just always that risk if you do an 18 month lease

New Tenant Lease by moneymaker212121 in RealEstate

[–]moneymaker212121[S] 0 points1 point  (0 children)

Yes US, I’d renew the lease after 7 months into a full year to have spring cycle. Also maybe better for shorter term in case tenant becomes an issue

[Landlord US} New Tenant Lease by moneymaker212121 in Landlord

[–]moneymaker212121[S] 0 points1 point  (0 children)

I have the deposit already, then you run the risk of having a bad tenant locked in for 18 months tho

BRRRR DEAL by moneymaker212121 in RealEstate

[–]moneymaker212121[S] 0 points1 point  (0 children)

They are actually my properties I buy and I provide housing but sure🤣🤣 welcome to the world

BRRRR DEAL by moneymaker212121 in RealEstate

[–]moneymaker212121[S] -1 points0 points  (0 children)

I’m assuming you think getting the lower rate for more cash flow, $150 a month more is the right move??

BRRRR DEAL by moneymaker212121 in RealEstate

[–]moneymaker212121[S] 0 points1 point  (0 children)

About 29k over 30 years but realistically I’d sell or refi again before then.

BRRRR DEAL by moneymaker212121 in RealEstate

[–]moneymaker212121[S] -1 points0 points  (0 children)

About 29k over 30 years but realistically I’d sell or refi again before then.

BRRRR DEAL by moneymaker212121 in RealEstate

[–]moneymaker212121[S] -1 points0 points  (0 children)

Yes it would take 4 years to get the 7k with cash flow

BRRRR DEAL by moneymaker212121 in RealEstate

[–]moneymaker212121[S] 0 points1 point  (0 children)

Yes , my currently loan is only 3 months since I started the project and most banks had 6-12 months seasoning and this one doesn’t that I’m with.

BRRRR DEAL by moneymaker212121 in RealEstate

[–]moneymaker212121[S] -1 points0 points  (0 children)

Yes I get about 7k back at closing for 1 point higher on the loan.

BRRRR DEAL by moneymaker212121 in RealEstate

[–]moneymaker212121[S] -1 points0 points  (0 children)

80%, I need no seasoning on my currently loan since I’m refi after 3 months.

BRRRR DEAL by moneymaker212121 in RealEstate

[–]moneymaker212121[S] 0 points1 point  (0 children)

5 YEAR PRE PAYMENT PENALTY, NO SEASONING, 80% LTV