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21 January 2025 | 8 replies
Based off the general home inspection report you'll be able to see if you need to get an electrician etc out there.
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17 January 2025 | 24 replies
Based on experience, the existing accounts for the Quest Solo 401k plan can continue to be used and simply be governed by the new Solo 401k plan going forward.
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13 January 2025 | 2 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
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20 January 2025 | 8 replies
Or when syndication is struggling like it is move into the training business.there is huge money leveraging your on line popularity where folks will have an irrational opinion of someones bona fides based on SM media presence etc.
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14 January 2025 | 1 reply
In the meantime I would touch base with lenders and get the financing squared away.
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12 January 2025 | 2 replies
Obviously tough to give advice based on minimal info and no info on your personal situation.
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21 January 2025 | 27 replies
Based on what you have explained here and assuming that all of it is true, than you really only have two options to get it rented1.
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17 January 2025 | 3 replies
A Title Company can distribute the proceeds based on the agreement, and consulting a CPA will help calculate tax liabilities and explore strategies like a 1031 exchange to minimize taxes.
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12 January 2025 | 7 replies
Or a seller finance calculator showing the monthly payment based on negotiated price, interest rate, down payment, etc.
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22 January 2025 | 12 replies
Based off of the podcasts I am listening to and other property management professionals that I network with, that has been the experience of portfolios across the states.