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18 January 2025 | 16 replies
It's adjustable based on size, erring on the side of generosity.
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29 January 2025 | 40 replies
No. 99.967% of the time it will be a big fat "no".So to everyone debating the effectiveness of a software, you need to realize what the scope of the software is.Software will return DATA, based on your filtering.
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21 January 2025 | 7 replies
Based on what you say, the LLC may be the better option. ...This post does not create a CPA-client relationship.
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21 February 2025 | 182 replies
If not, then what he is trying to do is to avoid his reputation going down the drain and lose any future credibility and trust in the future. personally I am just familiar with the basics of buyer seller representations in a general sense you will need a FLA Broker or Attorney to describe to you based on the documents you have if there is a Duty from the agent on this transaction..
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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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13 January 2025 | 30 replies
I base my rents on the condition of the unit and the competition.
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15 January 2025 | 10 replies
If that's the case, you should be able to rate/term refinance at ~75% LTV with a DSCR loan, and with some interest-only basis, your payment will go to ~$850 (based on ROUGH pricing TODAY).
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12 January 2025 | 8 replies
Have invested in ABQ with first purchase in 2020 - and that was based on my knowledge as a film/TV friendly area and affordability.
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30 January 2025 | 32 replies
Typically, 8- 12% net for OOS investors based on cash purchases.Good luck
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23 January 2025 | 23 replies
I would suggest coming to some investing meet ups and just start talking to others and form a plan based off of that.