John ONeill
What Makes a Contractor Truly Great? Let’s Chat!
18 January 2025 | 2 replies
I would also add, a contractor that you can buy materials for and they know how to put them in with little to know direction (reduces the management time of the project).
Chris Cox
Long time learner - jumping in!
17 January 2025 | 7 replies
Have an owner's closet, where you lock up your extra inventory so the guests can't use it.
Clarase Mika
Did You Know You Can Purchase Property in Germany With Only 5-10% Down? Here’s How
24 January 2025 | 0 replies
It's possible to buy property in Germany with as little as 5-10% down, making it an attractive option for service members and civilian government employees stationed there or planning to settle.
Alissa Anderson
Why now is a great time to buy real estate
23 January 2025 | 0 replies
If you’ve been keeping an eye on the real estate market, you might be feeling a little unsure about whether now is the right time to invest.
Jeffrey Bourque
Found a Deal but Not Sure
27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - 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.
Keira Hamilton
5 Lessons Learned From Selling My Laundromat
22 January 2025 | 4 replies
Remember that for most owners, their business is very personal to them.
Jay Hinrichs
LA fires Wholesalers Beware
20 January 2025 | 19 replies
Jim it does not restrict owners from listing with brokers and selling..
LaTonya Clark
Lender- 40 year loans
20 January 2025 | 31 replies
One with low cash, one with some owner financing and a little less price.
David Lewis
Boston - Has the ship sailed?
23 January 2025 | 45 replies
Why would someone buy now and make little money for the chance that the rates will adjust later?
Roxanne Whitaker
MD Tax Law on Out of State Investment Owners
15 January 2025 | 1 reply
Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement. If you live in the home for 2 out of the past 5 years and move out of state you ma...