Becoming a #realestate investor doesn’t have to be hard!The key is to start small & live in the property while you fix it up & make it an amazing place to live. Then,you buy another #home and rent out the first. Want to talk more and grow your #financial future?Just send us a DM!
BACK ON MARKET ALERT: 20 Flamingo Drive, Paradise. 2 bedroom, 3.5 bath with hardwood and attached garage at $289,900 MLS. What a Price! https://t.co/d4E6qegKk5
Here's a payment schedule on a $300K home purchase with an added $25K in renovations.
Purchase price of $300K w. 5% down, mtg would be $1,647/mo. To add $25K in renovations, the new payment would be $1,784/mo.
Only an additional $137/mo. to personalize your new home.
Basic mortgage rules when it comes to rental properties and second homes. If an existing homeowner is looking to buy a 2 unit property with the intention to rent it fully out, the minimum down payment is 20%. If they plan on living in one of the units, minimum down payment is 5%.
As always check with your accountant or tax specialist before proceeding. I wouldn't hurt to pass it by your lawyer too. If you have any other questions Text/Call 709-743-1818 or DM me here.
Here's the best part, you can keep your existing home as a rental and move into new property with 5% DP. After closing, fully mortgage your older home, which is now a rental and use the tax deductible mortgage interest as a bulwark against rental income.
#NewListingoftheDay 76 Dawson's Run, CBS. Three developed levels, 3 Bedrooms, 2.5 Bathroom all for $305,000 MLS. Great price and minutes to Peacekeepers Way. https://t.co/I5MvmbHLFq
BMO now has stacking promotions that will get you $1,600 cash back on closing for mortgages between 100k and 500k. That without jacking the rates too. Works for purchase and refinancing too. DM or call/text 709-743-1818 for details.
#NewListingoftheDay 74 McNiven Place, St. John's, NL: Massive wired garage, huge lot, great location. DM or call/text 709-743-1818 if you want to take a look! $425,000 MLS. https://t.co/t5r4jFH9Xh
Please note that yes, the Confederation Building does appear to be for sale on some Real Estate sites. @_NLAR is aware of it as it's a fake listing done for testing purposes. The written description however is still quite amazing.
BMO has some pretty sweet cash back offers (ip to $4200) and are offering 130 day rate guarantees. Text me at 709-743-1818 and I will put you in touch with contact person at BMO.
My wonderful colleague, @AmandaLeeHomes, just listed this 2-apt bungalow in Paradise fro under 400K. It will be sold this weekend, call/text me at 709-743-1818 if you want to be that one buyer who snaps up this great spot. @HanlonRealty