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Results (10,000+)
Christian Hwang Advice for a New Out of State Flipper
1 January 2025 | 22 replies
I have more than enough private investors willing to pour their money in and I realize that there are diminishing returns when considering time spent looking for deals or deal finders and the amount of deals I close.I'm a real believer of the Pareto law which states that 20% of effort leads to 80% of results.
Jonathan Small Case Study: Cockroaches to Cash Flow
27 December 2024 | 2 replies
This provided a substantial return on the initial investment and freed up capital for future projects.Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)With a 40% expense ratio, the DSCR is approximately 1.45.
Travis Daudelin Renting to an in home health care agency?
25 December 2024 | 12 replies
No real strong leads!?! 
Cody Maxwell Seller financing on large SFR property
25 December 2024 | 1 reply
The seller will also have to sign documents that are required and it will hold them liable for debts since they are on title.Best way to set that up is run the numbers and create a partnership based on the equity of the land and your cash injection and sweat equity.
Mike Terry Port Huron, Saint Clair County and the Thumb Coast of Michigan
25 December 2024 | 4 replies
This also leads owners to ASSUME simpler is better when it comes to management contracts.
Blake Kirby 1031 Exchange Phoenix vs L.A.
21 December 2024 | 6 replies
These markets tend to attract a lot of investor activity, which can drive prices up, leading local homeowners to take on more debt to afford homes in their area."
Claude Diehl Sell a Solo 401K property with owner financing
23 December 2024 | 6 replies
Solo 401(k)s are not subject to UDFI (Unrelated Debt-Financed Income) on the capital gains from selling a debt-financed property, per IRS rules.b.
Darieal S. Free Classified Ad Sites
26 December 2024 | 1 reply
History: At one time (when I first began marketing for LPO leads for a fellow investor) the Free Ad Sites were the place to go to find motivated sellers.
Paige Corsello 80% Cash out DSCR
26 December 2024 | 8 replies
You can do an 80% LTV cash out refinance, but it will depend on the state and if the property can debt service at the higher LTV 
Robert Medina Need some advice on buying another property
24 December 2024 | 3 replies
Like maybe I could pull enough out from heloc on primary residence to pay off debt and then rent out my primary and use the extra cash to payoff heloc and then do another heloc once the original one is paid off.