All Forum Posts by: Alan Jones
Alan Jones has started 2 posts and replied 5 times.
Post: Lower payment vs greater cash flow? Advice
Alan JonesPosted
- Fort Wayne, IN
- Posts 5
- Votes 0
Daniel it's actually 75k after the 25% down. One unit rents for $1200 (3b2b) while the other side of the property has 2 studios ($450) and a one bedroom at $475. Still the extra room is available to renovate and add to the flow. Taxes come in at $2400.
Post: Lower payment vs greater cash flow? Advice
Alan JonesPosted
- Fort Wayne, IN
- Posts 5
- Votes 0
That makes me feel better. In looking at the numbers it makes sense. The property is a 4 plex but the current owners didn't take advantage of the upper unit due to lack of an easement so it's actually a 5 plex and rents are low for the area. Really appreciate your thoughts.
Post: Lower payment vs greater cash flow? Advice
Alan JonesPosted
- Fort Wayne, IN
- Posts 5
- Votes 0
What are other factors to consider on a deal of this sort?
Post: Lower payment vs greater cash flow? Advice
Alan JonesPosted
- Fort Wayne, IN
- Posts 5
- Votes 0
Looking at finance options on a MF home and struggling with either getting it paid off in 10 years at 3.375% or stretching the loan for 30 at a rate of 4.125%. The difference in the monthly payment is $347 dollars. In our current market do you get it paid free and clear fast or low with more cash flow? Seeking advice.
BP family I need your help/advice. I have a small portfolio of rental properties but never created an LLC. I'm finally in a situation in which I've been able to work with a small bank to do portfolio loans bit was recommended to create a LLC prior to doing. Any recommendations out there on first steps and do I need to get a lawyer to make this happen?