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17 January 2025 | 19 replies
I have about $100k in capital reserves and can leverage the 2 properties for additional capital, as needed.
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18 January 2025 | 4 replies
A clean, neutral-looking curb gives prospective homebuyers a chance to visualize their own additions/upgrades.
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15 January 2025 | 3 replies
Paid platforms often offer additional features like market analytics, off-market property leads, and filters for investor-specific criteria, giving them a leg up over free options.Exactly, most platforms have to offset cost somewhere because of how expensive it is to keep the data up to date.
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14 January 2025 | 5 replies
Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.
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30 January 2025 | 56 replies
Additionally, make sure you’re familiar with local property laws and any regulations that could impact your investment.I agree with @Jason Wray that you can easily find a cash flowing deal under 200k.
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14 January 2025 | 19 replies
You can surely buy cheaper properties and obtain the same debt pay-down, but now you've got 5x the head-ache, so right asset class is more about efficiency when it comes to debt pay-down.Tax shielding is similar concept in that more expensive properties directionally give you more building basis to depreciate, which means less net income to tax.
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23 January 2025 | 10 replies
If you currently rent for $2,500 and take the $1,750; you have additional positive cash flow of $750 for your rent situation.Have you thoroughly looked over the capex potential issues?
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19 January 2025 | 2 replies
It could go higher with additional work to the house.
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27 January 2025 | 29 replies
This was not what I was interested in doing and when I voiced that I was interested in 5-20 unit deals and had the funding for that in place I just got additional push back for buying the larger buildings.
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21 January 2025 | 8 replies
If I were to do a traditional VA loan, the loan would be close to 7%.Below are what I understand to be the numbers so far:Seller purchased the property in DEC 2022 for $1.13M (owned for 2yrs)Current estimates are Zillow= $1.26M/ Redfin=$1.323MOur agreed purchase price is $1.25MSeller financing would be $120k @ 8% for 3yrs.No commission cost.Small percentage of fees/ costs in the tune of 1.5% of loan amount.Let me know what you think and if you need any additional info.