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13 February 2025 | 22 replies
Cash flow is defined as the money left over after paying for all expenses, including setting aside a certain amount to cover projected expenses like maintenance, vacancies, or capital expenditures.EXAMPLE:Property Price: $250,000Down Payment (25%): $62,500Loan Amount: $187,500Interest Rate: 6.5%Loan Term: 30 yearsMonthly Mortgage Payment: $1,185Monthly ExpensesMortgage Payment: $1,185Property Taxes: $250Insurance: $100Maintenance (10% of rent): $250Vacancy and CapEx (20% of rent): $500Rental IncomeMonthly Rent: $2,500Total Expenses: $2,285Cash FlowNet Cash Flow: $215 per month 💰However, there are many other factors to consider.
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2 February 2025 | 10 replies
Old post, but in the short-term the world changed with the recent passing of HR 5376.
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10 February 2025 | 9 replies
Typically you can only have one FHA loan under your name at any given time, but there isn't a limit on Conv so long as you qualify.
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18 February 2025 | 0 replies
If you are considering working with them, I strongly advise you to double-check the provided rates and terms carefully.During my loan process, I discovered that they had added a yield spread interest without informing me.
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23 February 2025 | 9 replies
I would start with those that have been around a long time and are larger in size.
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5 February 2025 | 35 replies
There are wholesalers in every major city in the country and they are buying at 70% to 90% of value all day long, every day of the week.
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7 February 2025 | 10 replies
The main lesson for us was that there is still a level of due diligence that our team must perform regardless of screening software.
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31 January 2025 | 0 replies
The garage and the fact that a long term tenant was in place paying market rent.
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6 February 2025 | 7 replies
And as long as they're current and not breaking rules in the lease, they can say rude things to me.But blasting loud music etc sounds past that.
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4 February 2025 | 31 replies
G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success