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2 October 2024 | 9 replies
I’m moving out of the house soon and will be living rent-free with my wife at my parents' place in the Bay Area due to some recent life changes.Here’s a breakdown of my situation:Location: Sacramento, CA (4 bed, 2 bath, recently renovated)Current mortgage payment: $3,940/month (including escrow)Mortgage balance: $475,000Current home value: $515,000 - $535,000 (based on comps)Rental estimate: Property management companies are quoting $2,600/month (with fridge/washer/dryer included), but some websites suggest it could go for up to $3,000/month.Planned budget:$540/month for capital expenditures and maintenance$100/month for lawn careTenant to cover utilities (gas, electricity, water)7.5% vacancy rateWe bought the house thinking it would be our forever home, but with our current situation, I’m trying to figure out the best long-term plan.
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3 October 2024 | 6 replies
Estimating ~$90,000 project cost.
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3 October 2024 | 10 replies
I can estimate most of the cost, taxes, insurance, utilities, PM fees, and such and I know that should be provided in the expenses but when it comes to the actual maintenance of the property, what strategy do you normally use?
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1 October 2024 | 10 replies
The best thing to do is contact the county tax assessor explain the estimated purchase price and ask how this will impact the annual property taxes.
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2 October 2024 | 5 replies
So, I'm estimating your monthly ROI will be very low, 2-5%.
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3 October 2024 | 29 replies
Full time job = $4550 monthly; Part time job = ~$2400-$3200 monthlyLittle Rock, ARZillow estimated my property at $358,000.
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30 September 2024 | 9 replies
Your own estimates.
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3 October 2024 | 16 replies
You can type in the properties address and it pulls data from airbnb and other short term site to give you from what I've read a pretty accurate estimation of Occupancy rates and income.
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2 October 2024 | 48 replies
So the increase in revenue probably ends up being 5-6%.Maybe I am over estimating the cost though.
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1 October 2024 | 6 replies
I don't know if I did it right, because I prefer NOT to get a traditional loan for my next property.... and I don't know how to estimate (or even GET) private lender loans.My buy box is;- Something I can use for long term rental AND MTRs.- Less than $25K in rehab- Quick rental potential (<3 months rehab).- Low crime, low foot traffic- Access to restaurants, grocery and job (hospital, university, denver tech center, denver downtown)- COC ~5-6%My preferred method to buy is Sub-To, so I would like sellers (and agents) who are ready and willing to consider this.