Avi Manthe
New Member looking to learn about rentals, flips, and development
7 December 2024 | 12 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
Allison Park
Property Management Software, Top 5 under $20
2 December 2024 | 2 replies
Recurring, Single Time Fees, Late Fees) and Tax Support (export financials for tax reporting).Summary:Inaggo is the only completely free option that meets the requirements.
Thomas Sheehan
First timer- Is this worth buying as an investment
4 December 2024 | 6 replies
@Thomas Sheehanonly you can decide what makes sense for you financially, but I would not put $200-250K into a property to generate minimal cash flow. i look to minimize my outlays when I purchase.
Val Berechet
Is it still a good idea to invest in Tulum, Mexico?
11 December 2024 | 101 replies
This is thanks to the essential risk-lowering benefit of diversification.Sadly, most people are 100% financially dependent on what's happening in their own country.
Cole Bossert
Starting Out Investing While Finishing College
4 December 2024 | 6 replies
To avoid these, create an operating agreement outlining roles, responsibilities, financial contributions, and handling disagreements.
Rene Hosman
How to retire early with real estate & other community questions
3 December 2024 | 5 replies
Chad aka Coach Carson is an entrepreneur, writer, and teacher who used real estate investing to reach financial independence before the age of 37.
Doug Bontrager
Purchased First Rental Property
4 December 2024 | 8 replies
This house isn't a homerun financially but I felt like it was a good one to start on..
Kailas Tare
Learning aids for booking for real estate investors
3 December 2024 | 2 replies
Griswold – A great introduction to the financial side of real estate investing, including bookkeeping."
Joe S.
Rethinking some of Dave Ramsey‘s teaching
2 December 2024 | 5 replies
I have taken dozens of flights for free using credit card points, but Dave isn't going to teach that technique to people who can't control their spending because there's too much risk that they won't have the same discipline I do.Dave teaches people to invest safely because he doesn't want people with no financial discipline taking his advice wrong and chasing get-rich-quick schemes.
Drew Giltner
Help me analyze this deal
5 December 2024 | 4 replies
It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $459,000 Mortgage Amount (80% LTV): $367,200 Equity: $91,800 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop to 5%Monthly Expenses: Mortgage Payment (5% Interest): $1,971 (Now you are paying interest and principals) Property Tax: $260 (assuming has been increased with a 4% from last year) Utilities: $361 Insurance: $104 (+4% Adjustment) Vacancy: $166 (now after 12 months we can assume we have some vacancy at 5% factor on annual rent) Repairs & Maintenance: $166 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $3,028Rent Income after 12 months assuming annual rent increase at 5% : $3,323Cash Flow: $295$ per month 😊Long-Term Gains: $5,418 Principal Paydown year 2 (this will increase each as you pay off your mortgage $36,720 Property Appreciation (assuming 8% per year) $3,540 Cash Flow (this will increase as rents rise)Total Annual Return on Investment: $45,678 with just $ $22,789 remaining in the deal.