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11 January 2025 | 67 replies
Overall it is still a very good city to invest with solid returns.
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18 January 2025 | 8 replies
In return, they will be motivated to get a job and pay back every dime owed while lavishing you with praise.
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16 January 2025 | 4 replies
What happens to the 'comparable value' if the area is uninhabitable or a community that won't return for years?
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11 January 2025 | 4 replies
We are getting a terrible return on our equity but I guess that happens when you are hovering around a 50% global LTV.
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13 January 2025 | 25 replies
As I invested a few years back, my returns have been pretty good with cashflow and appreciation.
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12 January 2025 | 5 replies
Another note on construction cost, going vertical is very expensive now and would require have a great connect with a developer and a builder in the area.See what rents are in the area and run the numbers to ensure the rents will cover your costs and give you a solid return—using the 1% rule can help.
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8 January 2025 | 10 replies
If I ever run low on reserves, I can easily transfer funds from my personal to rental account.
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2 January 2025 | 16 replies
Who cares about lifetime interest costs, except to the extent you can easily lower them (refinance to a lower interest rate) to increase your cashflow.
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10 January 2025 | 13 replies
If they are professional, they can explain this quickly and easily.
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14 January 2025 | 27 replies
That is a 3.4% cash on cash return in year one (7903/232000)Year 2, reduce 7903 by 5592 because there won't be property tax break so that is $2311, or 1% c/c return in year 2 (2311/232k)Year 3, reduce the $2311 by $4930 for PM fees for a net loss of -$2619 per year or a -1.1% c/c return in year 3 (-2619/232000)Essentially, these numbers are so far off of pro forma and there is pretty much zero wiggle room on these numbers.