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29 January 2025 | 12 replies
BTW, I could have mentioned earlier, when we refi'd in 2022 the appraiser came in at 1,300,000 and verbally told me that he struggled as he believed the property was likely worth more based on the location, views, income.
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28 January 2025 | 7 replies
I believe this is more geared for the tenant but it shows where properties have "experience" with S8 tenants.
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24 January 2025 | 9 replies
So, I don't believe it would require a rezoning."
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27 January 2025 | 7 replies
. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
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2 February 2025 | 20 replies
Now, I am an economics and finance major (I find it funny saying that since it's been 30 years) but economics are ingrained in me so I am a firm believer in supply and demand economics.
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25 January 2025 | 6 replies
I believe it to be a little Southern California hidden treasure for cashflow, mainly class C but if you know what you are doing its a really good option to invest locally in CA with decent returns.
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2 February 2025 | 4 replies
My day job is being a financial professional, so I have good experience with underwriting and sales that I believe can be translated to real estate.
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21 January 2025 | 3 replies
I believe they have been awesome investments for you.
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22 January 2025 | 5 replies
Of course don't go there just looking for business, you go because you believe in whatever the group is doing.
29 January 2025 | 20 replies
We don't believe they are stealing, but their negligence has cost us a lot of money.* Is this enough to file suit in small claims court?