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2 January 2025 | 10 replies
Since the LLC doesn't own the rental you're missing out on the asset protection that was originally intended.
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3 January 2025 | 7 replies
If this deal doesn't work out.
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4 January 2025 | 28 replies
But mainly my team doesn’t want to lose “this”.
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3 January 2025 | 12 replies
Very cool piece of real estate, unfortunately it doesn't even make sense at the $650k asking price.
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9 January 2025 | 116 replies
Rent Per Unit $650 $700 Other Income $750 $800 Less Vacancy $(3,120) $(3,360) Operating Expenses $18,790 $19,809 Repairs $4,000 $4,200 Capital Expenses $2,000 $2,100 Landscaping $1,500 $1,575 Utilities Vacant Units $288 $302 Property Taxes $6,000 $6,300 Insurance $1,500 $1,575 Management $3,002 $3,232 Other $500 $525 Net Operating Income $41,241 $44,831 Financing Expenses $22,224 $22,224 Cashflow $19,017 $22,607 Down Payment $21,000 $21,000 Cash on Cash Return 90.55% 107.65% Keep in mind, this return doesn't even include the principle pay down on the loans.
31 December 2024 | 8 replies
Your primary home doesn't produce cash flow and is a pure expense.
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1 January 2025 | 14 replies
A prudent investor doesn't seek quick riches through shortcuts.
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2 January 2025 | 30 replies
I know making more money doesn’t make me right.
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5 January 2025 | 18 replies
My question is if she doesn't pay in 5 days, could I file a forcible entry detainer at the court ( We are in Macoupin County Illinois)?
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4 January 2025 | 9 replies
There might be some hoops to get through with conventional financing with your income situation, but if that doesn't work, you could use a debt service loan.