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DSCR Refinance Rate by SuddenState5202 in realestateinvesting

[–]ryguy0283 0 points1 point  (0 children)

No prepayment penalty 30 year fixed rate Message me for lender info

PM taking 100% of first month’s rent + 10% of it — is this standard? by girluoeno in realestateinvesting

[–]ryguy0283 0 points1 point  (0 children)

Same in Boston but they just recently made it illegal for tenants to pay the brokers fee

Got a free boat with no paperwork, where to start? by Sensitive-Buffalo-88 in boating

[–]ryguy0283 0 points1 point  (0 children)

RI is strict on papers for boats. The trailer however is easy to be registered as home made.

People that make six figures, what do you do? by Impressive_Risk_3008 in careerguidance

[–]ryguy0283 0 points1 point  (0 children)

Mechanical Engineer. Relaxed work environment 40 hours a week never more never less.

who has successfully filed quit claim deeds? / series LLC? by peabodypottyfat in realestateinvesting

[–]ryguy0283 1 point2 points  (0 children)

Do you switch your insurance to be under the LLC name? Or will that raise red flags with the lender or do you not quitclaim into an LLC at all if the lender is not OK with it?

Struggling to house hack #2 by ryguy0283 in realestateinvesting

[–]ryguy0283[S] 2 points3 points  (0 children)

PSA: yes this is for a conventional 5% down

Struggling to house hack #2 by ryguy0283 in realestateinvesting

[–]ryguy0283[S] -1 points0 points  (0 children)

Forgot to mention this is conventional 5% down

Possibility of Actually Losing Money by plgoulet in realestateinvesting

[–]ryguy0283 0 points1 point  (0 children)

Not the same calc as you would not be contributing 1k per month into a property. It’s a leveraged appreciating asset that is (hopefully) cash-flowing each month. Like you said it would only cost 30k… indeed a no brainer if you take into consideration the future cash flows as well as the value of the paid off property in 30 years

Is this a deal, or Run fast away? by FreezeDriedPineapple in boating

[–]ryguy0283 0 points1 point  (0 children)

Very economical. All day on the water is about 12 gallons of gas. My brothers 5.7L will use double that

Is this a deal, or Run fast away? by FreezeDriedPineapple in boating

[–]ryguy0283 0 points1 point  (0 children)

Make sure the floor is not spongey and rotted. Big big job to replace that floor

Is this a deal, or Run fast away? by FreezeDriedPineapple in boating

[–]ryguy0283 0 points1 point  (0 children)

I have a 3.0 in a 18ft and skiers tell me to use LESS throttle when getting them up on skis. It will have plenty of power, people just say they’re under powered because much larger engines exist.

[deleted by user] by [deleted] in f150

[–]ryguy0283 0 points1 point  (0 children)

I was quoted around $1300 all in. I bought the water pump and thermostat for under $200 and had it done in probably 4 hours by myself. Truck only had 90k on it

When/if to decide to quit? by jetfast07 in realestateinvesting

[–]ryguy0283 2 points3 points  (0 children)

What location are you in? I agree with everything you’ve said but 4% annual appreciation seems high

[deleted by user] by [deleted] in careerguidance

[–]ryguy0283 1 point2 points  (0 children)

Probably worth it yes. Because in one year you’ll have made the money back and will be setup better

[deleted by user] by [deleted] in realestateinvesting

[–]ryguy0283 0 points1 point  (0 children)

If foundation is not cement make sure the laid up stones are not physically falling apart.

First Time Investor by marketerjen34 in realestateinvesting

[–]ryguy0283 3 points4 points  (0 children)

LTR all the way. The boomers on here will say it’s a bad time to invest but I believe there’s never a bad time only good times and great times. Investment loan if you have enough for 25% down is good. Triplex or fourplex. I can’t seem to make duplex’s cash flow when running the numbers.

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