If you're buying your first home, here are our Top 2 Affordability Rules to keep in mind: ⠀ ⠀ #1 Housing should not cost more than 32% of your gross monthly income. ⠀ ⠀ #2 your entire monthly debt load should not represent more than 42% of your gross monthly income.
In December 2015, we invested in the development of a two-unit luxury condo building in Long Island City, Queens. We’re pleased to announce that our investment is complete – and it’s the second one that we’ve completed in this neighborhood. Learn more in the investor update – Link in bio. fundrise.com/oc
If you have 100 doors and 5 are vacant, you can still make money on the other 95. _ If you own a duplex and 1 is vacant you may have to come out of pocket for the debt coverage. _ The lower the doors the higher the risk, the higher the doors the lower the risk. _ What’s your take 🤔?
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