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5 September 2024 | 8 replies
Just a shout-out here for Melanie, who helped us purchase our 3 bed / 2 bath in Scottsdale -- she's the best!
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3 September 2024 | 5 replies
It is a Duplex 3/2 bed/bath and 2/1 bed/bath.
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5 September 2024 | 12 replies
That means that they need help with dressing, bathing, using the bathroom, etc.
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3 September 2024 | 4 replies
I've managed to house hack my way to owning a fully paid-off 2-bedroom, 1-bath, 900-square-foot home valued at approximately $67,500.
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13 September 2024 | 61 replies
So in reality THAT is the main difference in the 2's economic plans, one is pro-main street, the other is pro-trans-nationals or better put the big C-donors.
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4 September 2024 | 1 reply
I am a physician in NYC, a friend asked me to help a single mother with two teenage children who ended up on the streets after being evicted in Houston.
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3 September 2024 | 10 replies
Here's a high level average cash flow calc for a few different property types based on what I'm seeing.Apartment/Condo (2/3 BR, 1/2 Bath):Purchase Price: $350k Mortgage Payment: $1550/monthProperty Taxes: ~$1600/yr or $134/monthMaintenance Fee: $700/monthProperty Insurance: $125/monthUtilities: $300/monthAssume no maintenance/capex reserve since Condo. $140/month vacancy reserve (5%)Rental Income: $2800/monthCash Flow: -$134/moTownhouse:Note: Looking at low price units on the market for < 7 days to possibly get more value / minimize mortgage paymentsPurchase Price: $450kMortgage Payment: $2150/monthProperty Taxes: $1900/yr or $159/moUtilities: $300/monthProperty Insurance: $125/monthMaintenance (5% rent) + Capex + Vacancy (5% rent) Reserve: $500/moRental Income: $3000/monthCash Flow: -$232.64Detached Home - Single UnitPurchase Price: $600kMortgage Payment: $3193Even if I can get $3300-3400/month for a 3-4BR home purchased at $600k, maintenance and reserves will cause it to be negative cash flowDetached Home - Two UnitsPurchase Price: $700kMortgage Payment: $3831Property Taxes: $3500/yr or $292/moUtilities: $300Property Insurance: $125/moMaintenance (5% rent) + Capex + Vacancy (5% rent) Reserve: $860/moCash Flow: -$608.57Are any of my numbers way off?
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4 September 2024 | 5 replies
She says she wants to be closer to her daughter and she works down the street.
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3 September 2024 | 9 replies
Do they want 2 more on top of the three-that would be a hell no to me for a 4 bed/2 bath home to have 7 adults living there.
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9 September 2024 | 52 replies
We have spent a good chunk of our lives building up this portfolio, so I am being extra cautious with numbers as you can expect.Our rents are generally in the $1,400 to $2,000 a month range, and the street value is probably between $230k and $300k for the SFHs.