Jorge Abreu
Building and Nurturing Your Investor List š
28 August 2024 | 0 replies
I promise it beats trusting social media gods.Investor list nurturing requires consistent communication.
Abdul Kadir
DADSON Laundry contract
29 August 2024 | 3 replies
I have my own machines in another similarĀ building, and the collections are usually very consistent month to month.Ā
Caleb Brown
Best Bang for Your Buck?
28 August 2024 | 2 replies
Hi Caleb,From our experience, when flipping properties the most efficient ways to spend your money are the following:Focus on kitchens and bathrooms, as these areas consistently provide the most value for your investment.Ā
Jonathan Greene
5 Tips For New Investors - Which ones are you doing and which do you need to do?
29 August 2024 | 8 replies
If you do these five things consistently and immediately, you will get out of analysis paralysis and into the game much quicker than watching Instagram Reels and TikTok videos.If you are experienced and want to weigh in on which ones here you like and dislike, let's go.
Caden Wright
18 yr Old Learning Real Estate Investing
29 August 2024 | 2 replies
If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.
Andrew Acuna
What is everyone's obsession with hiring PMs!?!
4 September 2024 | 84 replies
Seems managing a "property management" team (without taking on properties owned by others) would keep things consistent and allow for minor tweaks without jumping ship from one "complete" PM to another....sort of handling all aspects "in house" but not solo.
Erik Quinson
Stone Mountain, GA - Fix and Flip
28 August 2024 | 0 replies
Reno consisted of gutting and replacing the kitchen and bathrooms, replacing the floors, light fixtures, HVAC and roof.
Erik Quinson
Stone Mountain, GA - Fix and Flip
28 August 2024 | 0 replies
Luckily, the brother left at the agreed on time and I was able to being the renovation.Reno consisted of gutting and replacing the kitchen and bathrooms, replacing the floors, light fixtures, HVAC and roof.
Rhea Jeong
Rental income consideration to mortgage
27 August 2024 | 2 replies
In other words, the adjusted rental income (75% of the gross rents) must be sufficient to cover the total mortgage payment of the property.Example of the FHA Self-Sufficiency Test Calculation:Gross Rental Income: Assume the appraiser estimates the total gross rental income from all units is $4,000 per month.Adjust Rental Income for Vacancy: Multiply the gross rental income by 75% to account for vacancies and maintenance costs.$4,000 x 0.75 = $3,000Monthly Mortgage Payment: Assume the total monthly mortgage payment (PITI + MIP) is $2,800.Result:Since the adjusted rental income ($3,000) is greater than the monthly mortgage payment ($2,800), the property passes the FHA self-sufficiency test.Importance of the Test:The self-sufficiency test is crucial for borrowers looking to finance a 3- or 4-unit property with an FHA loan.
Alex Silang
STRs are āriskierā than LTRs
29 August 2024 | 14 replies
LTRs may face eviction issues, their consistent income makes them less risky in the eyes of lenders.