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10 December 2024 | 12 replies
Quote from @Jinglei Shen: I am building my investment portfolio(duplex) in Ohio Cleveland, a few properties i have analyzed with net cashflow around $100 to $290 here is one deal I am analyzingDuplex generates $1590 income /month together,purchase price $123,000rate 7.5%, downpayment 25%5% vacancy, 10% mgm fee, $1400/year insurance,10% capex, 5% maintenance,COC is 8.73%monthly net cash $277this deal meets1% rule, bring in positive cash, my question is it in normal range in Ohio Cleveland market?
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12 December 2024 | 6 replies
Attending local meetups, analyzing deals regularly, and continuing education would position you for long-term growth.Good luck!
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10 December 2024 | 14 replies
I know that my COC my be lower, etc but my main concern since its my first property is being cash flow positive.
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13 December 2024 | 5 replies
It also positions you to work more effectively with lenders and partners who want to see a professional financial setup.How are others here organizing their finances?
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14 December 2024 | 6 replies
An LLC also makes refinancing in the BRRRR method smoother, as many lenders prefer loans through an entity for multi-property investors.Starting with the right structure positions you for long-term success.
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11 December 2024 | 14 replies
We keep seeing conflicting views but my personal experience with buyers indicates that the outlook is positive.
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10 December 2024 | 0 replies
My position as GP is justified with work experience being that I invest and develop for years, and for putting the deal together and bringing the unique opportunity.
12 December 2024 | 2 replies
If they don't have a positive test, they won't have anything to back up the photos if it tests negative now.
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12 December 2024 | 3 replies
Many investors who are in a similar position in my market (another HCOL/tenant friendly area) choose 1 of 3 options.1.
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17 December 2024 | 17 replies
As things with real estate are starting to pick up for me I'm now getting to a position where I could feasibly have more than one project running at a time and am trying to look at options for how best to keep these straight and on top of all the deadlines.