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1 August 2024 | 2 replies
Its very risky in this market that we just came out of the "highest" in history of property inflation due to mostly the covid/pandemic.I think the other flip side is trying to use the equity to buy more properties so in most cases letting the property appreciate or doing renovations is the safer way to get the equity up without essentially borrowing your own money back in 5 years.
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1 August 2024 | 7 replies
I started a real estate focused meetup in Worcester, became an investor focused agent.... essentially went all in to the market with everything I had.
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1 August 2024 | 22 replies
Essentially if the selling realtor does not check that box, then potential buying realtors will not know if the home loan is assumable.Do you as a realtor have other access?
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30 July 2024 | 8 replies
I'm waiting until i get more capital and cash reserves to have for when i do purchase, so in the mean time ive been looking briefly on the property's my real estate agent has been sending me. essentially i was wondering what should i be doing while I'm waiting and working towards my first purchase.
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31 July 2024 | 5 replies
A three-bedroom one to two bath ranch is essentially a commodity.
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30 July 2024 | 2 replies
Essentially, the cap rate is the proportion of Net Operating Income (NOI) to the property's value or selling price:Cap Rate = Net Operating Income (NOI)/Property ValueThis ratio offers a direct method to evaluate the yield a property generates in relation to its cost.For advanced real estate investors, integrating additional factors might prove beneficial:Vacancy rate: The duration the property remains vacant.Operating expenses percentage: Includes insurance, utilities, and maintenance costs (excludes mortgage payments, depreciation, or income taxes).The adjusted formula for net income, incorporating these considerations, is:Net Income=(100 − Operating Expenses %) ×(100 − Vacancy Rate %) × Gross Income
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31 July 2024 | 19 replies
@Jason Lopez I essentially did STR for about 25 years before it became popular.
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31 July 2024 | 13 replies
Now, If I was a GC and that was my cost on labor I would assume they would add another $20k as acting GC for profit.So essentially saving myself the 20k markup a GC would charge me.
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31 July 2024 | 18 replies
When you mention virtual wholesalers, that term might be misunderstood by some people, but I think virtual essentially means that you don't have to go to the property itself, at least from my perspective, to run the business.
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30 July 2024 | 8 replies
FHA Loans are going to be essentially the same regardless of who you go with so probably just makes sense to shop for a few and pick the lender you are most comfortable with