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25 September 2024 | 1 reply
There, you'll find detailed information on investing—both in general and specifically in Las Vegas.Before I continue, note that the charts only include properties that match the following profile, unless otherwise noted.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below is from the MLS and includes ALL property types and price ranges.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents had another slight drop MoM ($1.18/SF vs $1.19/SF).
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1 October 2024 | 2 replies
Investment Info: Multi-family residential buy & hold investment located a 20-mile drive or 25-minute ferry ride from downtown Boston in the beach town of Hull, Massachusetts, also known as Nantasket Beach.Purchase price: $550,000 in 2016Cash invested: $137,500 from 1031 exchange (75% mortgage)A 14-unit property on a corner lot, and it includes an adjacent lot as well (10,000 sq ft total lot size, double the town median lot size), giving an exceptionally large patio, yard, parking areas front and back, and a storage shed.
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30 September 2024 | 2 replies
Anyone know which brand is the most cost effective and how much it may cost for that size ?
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2 October 2024 | 8 replies
Thanks everyone,Anthony As person who manages (with a decent sized team) over 400 units in 4 states, I would highly recommend you handing off to a property manager.
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1 October 2024 | 16 replies
I compared size, amenities, whether or not a property was rehabbed, parking, and location.
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1 October 2024 | 11 replies
Lubbock has a low barrier to entry and has several backup economic drivers by being the primary hub (agriculture, financial, healthcare, material goods, transportation, entertainment) for an area the size of most states east of the Mississippi.
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1 October 2024 | 29 replies
Make sense about spreading costs out more, and building bigger since you'll always have the costs of the foundation, roof, etc regardless of the size.
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26 September 2024 | 1 reply
View reportCan someone help me understand the last line in the analysis over time chart?
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30 September 2024 | 15 replies
I do not have a sheet but I typically budget $150 for lawn, $150 for pool if applicable, $100 for cable, $100 for water, $300 a month for electric (depending on property size and your local utility costs), $50 for pest control, and another $200 per month in misc.
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1 October 2024 | 6 replies
They handle:Monthly Payment ProcessingEscrow for Taxes and Insurance: They ensure property taxes and insurance are paid, which is essential to protect your interest in the property.Record Keeping: They also maintain records, which can be invaluable if any issues arise during the term of the loan.ConclusionGiven the details of your property and the $200,000 sales price, a possible scenario could look like this:Down Payment: 10% ($20,000)Loan Amount: $180,000Interest Rate: 8%Amortization: 30 yearsMonthly Payment: Approximately $1,320 (principal and interest)Balloon Payment: Due in 5 or 7 years (this allows for refinancing or payoff while giving you some flexibility).These terms are flexible and can be adjusted based on the buyer’s credit, down payment size, and negotiation.