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15 December 2024 | 9 replies
When I used the Insight Property tool on BP it had the median rent at $2500 per unit.
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25 December 2024 | 10 replies
If there was a clear lease violation sufficiently serious and they were given written warnings to correct the issue and did not then you could probably evict.
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19 December 2024 | 5 replies
For something more robust, tools like Excel or online calculators from financial planning sites might better suit your needs.Your ROI Formula:ROI = (Net Cash Flow ÷ Total Out-of-Pocket Investment) × 100For your scenario:Net Cash Flow = Annual Rental Income - (Mortgage Payment + 401k Loan Payment + Other Expenses)Total Out-of-Pocket Investment = $40,000 cash + $50,000 loan payments over 5 years.I came across a piece in Bloomberg recently discussing creative financing, and they touched on ROI calculations for multiple loans.Personal anecdote: A buddy of mine leveraged a 401k loan for a fourplex.
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19 December 2024 | 5 replies
So, if it is more of the 2nd on there...I'm sure that some people might comment to "Do This" or "Do That"...but how do you know if any of them are correct?
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6 January 2025 | 77 replies
Not necessarily correct but a good starting point as an AI response.
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20 December 2024 | 28 replies
If it’s in an LLCs name it s protected if maintained correctly.
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21 December 2024 | 8 replies
I had some luck in real estate groups and by sharing success stories, but the pace was slower compared to paid ads or SEO methods.One thing I recently explored was incorporating tools like those for Social Media Posts using AI.
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17 December 2024 | 4 replies
You can use Airdna & other STR estimator tools to get data on potential income/vacancy based on your location and property size.
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20 December 2024 | 5 replies
Some quick googling suggests the answer is yes provided I don't rent it out more than 180 days for the first year, do I understand correctly?
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16 December 2024 | 1 reply
Did not know about tools on how screan tenants.