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1 October 2024 | 12 replies
Take it with a grain of salt as most are usually approximations based on algorithms which use many variables
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3 October 2024 | 10 replies
I can estimate most of the cost, taxes, insurance, utilities, PM fees, and such and I know that should be provided in the expenses but when it comes to the actual maintenance of the property, what strategy do you normally use?
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1 October 2024 | 10 replies
The best thing to do is contact the county tax assessor explain the estimated purchase price and ask how this will impact the annual property taxes.
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2 October 2024 | 5 replies
So, I'm estimating your monthly ROI will be very low, 2-5%.
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30 September 2024 | 9 replies
Your own estimates.
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3 October 2024 | 29 replies
Full time job = $4550 monthly; Part time job = ~$2400-$3200 monthlyLittle Rock, ARZillow estimated my property at $358,000.
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1 October 2024 | 6 replies
They handle:Monthly Payment ProcessingEscrow for Taxes and Insurance: They ensure property taxes and insurance are paid, which is essential to protect your interest in the property.Record Keeping: They also maintain records, which can be invaluable if any issues arise during the term of the loan.ConclusionGiven the details of your property and the $200,000 sales price, a possible scenario could look like this:Down Payment: 10% ($20,000)Loan Amount: $180,000Interest Rate: 8%Amortization: 30 yearsMonthly Payment: Approximately $1,320 (principal and interest)Balloon Payment: Due in 5 or 7 years (this allows for refinancing or payoff while giving you some flexibility).These terms are flexible and can be adjusted based on the buyer’s credit, down payment size, and negotiation.
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30 September 2024 | 8 replies
Currently I have the capacity to take on properties that have an ARV of 180K approximately.
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3 October 2024 | 16 replies
You can type in the properties address and it pulls data from airbnb and other short term site to give you from what I've read a pretty accurate estimation of Occupancy rates and income.
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2 October 2024 | 48 replies
So the increase in revenue probably ends up being 5-6%.Maybe I am over estimating the cost though.