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27 January 2025 | 11 replies
Theres so much value that you get and the strategies taught are unique and data driven.
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28 January 2025 | 9 replies
The current price of the house is indeed valued at the 103k, but I have to admit I was shocked to see the price the wholesaler got as well.
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20 February 2025 | 32 replies
Its a powerful platform that's free, easy to use, and specifically designed for real estate investors and landlords so I would recommend any savvy landlords to look into it.Some Features:Free and Feature-Packed: Let's face it, nothing beats free, and Baselane delivers serious value without a monthly fee.
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15 January 2025 | 34 replies
But the signature turns into value.
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21 January 2025 | 9 replies
Most homes in our area double in value every 5-10 years.
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21 January 2025 | 2 replies
Work with your CPA to allocate more value to land and structure.
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27 January 2025 | 21 replies
Now you have an approximate value per square foot.
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27 January 2025 | 15 replies
Is this an intended BRRRR deal or just a value-add?
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13 January 2025 | 2 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
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16 January 2025 | 23 replies
This might give a one-time (non-scalable) boost to cash flow, offer multiple value-add options, and allow the house-hacker peace of mind, via the assumed mortgage, in long-term breakeven or positive cash flow in the event that the value-add plans end up not being executed, and/or the person has to move out, and rent by the room or STR become unavailable for some reason at a future date.