Nathan Gesner
Another Terrible Squatter Story - Will Texas Get On Board?
28 May 2024 | 11 replies
The "intent" of the law is to protect the innocent from criminals yet we've made the legal system so complicated that criminals are protected more than the innocent.If someone is caught smashing a car with a baseball bat, police can quickly determine they are not the owner and arrest them for the crime.
Patrick Ulmer
New to investing
22 May 2024 | 11 replies
You may not get any cash flow but you will get an education that Harvard, Stanford, or any Ivy League school can provide.
Engelo Rumora
Is Turnkey Dead? ☠️
24 May 2024 | 42 replies
Creating 'alpha', or superior returns, is becoming a game for the big leagues.
Sunny Karen
Planning to start investing in Detroit - any one use Upside investments?
22 May 2024 | 48 replies
And whatever you do, don't trust anyone who uses Zillow to analyze deals in Detroit (sorry @Michael Smythe, but that's just bush league) Calm down bro.
Pratik Kochar
Input on Investment opportunity
20 May 2024 | 1 reply
Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.
Mark F.
Anyone every use Constructive Loans?
21 May 2024 | 44 replies
So for those playing at home, it's now been 8 days since the submission of the draw inspector'sThe whole process just seemed a little bush league to me.
Arn Cenedella
Market Selection for MF investment
17 May 2024 | 1 reply
Performing arts center, excellent foodie scene, minor league baseball, minor league hockey.
Zander Kempf
Community for Experienced Real Estate Investors?
15 May 2024 | 1 reply
They work with both residential and commercial but they are the "bigger league".I would talk to Sunkul Soni but John Porter is the CEO great group of guys to keep on your radar.
Kyle Doherty
Joint Venture Structure with Builder (development projects) Is this a fair structure?
16 May 2024 | 8 replies
I truly think they are a league, if not 2+ above your weight.
Frank Barletta
Is Syracuse, NY really a dump?? Maybe not.
16 May 2024 | 8 replies
My family owned the golf course that Amazon bought for their $350 million distribution center in Liverpool, and each delay and request gave me a migraine while trying to deal with leagues and tournaments.