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12 February 2025 | 12 replies
I have individual spreadsheets for each property that I used in my initial analysis for purchasing the asset of course, but I'd love to see everything all together now with real-time numbers.Where can I find something like this?
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10 February 2025 | 59 replies
It burned to the ground a week after purchasing.
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29 January 2025 | 5 replies
Gain is your net sales price minus your adjusted cost basis (purchase price plus capital improvements minus depreciation).
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4 February 2025 | 0 replies
Purchase price: $380,000 Cash invested: $135,000 Annual rental to be turned into STR when tenant vacates What made you interested in investing in this type of deal?
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5 February 2025 | 5 replies
In August 2022 I was with a group of investors at a property we had recently purchased in Costa Rica.
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16 February 2025 | 6 replies
When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan me and my husband are thinking bout:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.
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5 February 2025 | 9 replies
Other insights to be gleaned from the stats: Cash purchases dominate more than ever, representing over 62% of purchases.
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10 February 2025 | 16 replies
Buyers usually want to purchase on today’s value while sellers often want to use future potential of the property (“current rents are below market” or “room to build an additional property”, etc) to increase the purchase price or likelihood of a sale.
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9 February 2025 | 4 replies
He negotiated a $5k discount on the purchase price, and I moved forward with the deal.Fast forward to now - after seeing water in the basement, I hired a professional to inspect it, and the news was not great.