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20 February 2025 | 0 replies
So I have recently come into the fork in the road where I am trying to dial in my career to align with my personal and professional goals for the future.
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24 February 2025 | 11 replies
It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.
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21 February 2025 | 1 reply
@Brittney Yang surprisingly I have found that I can have glue down LVP installed by a local flooring company, we use Artisent Floors, https://artisentfloors.com/, for our local renovations and they are awesome and they can do it for less than what I can buy the product for at Lowes or HD even with my 10% military discount!
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27 February 2025 | 5 replies
Your purchase price of 215k would be a bit higher which could cause you to lose money on the property.We have flipped a bunch and notice that even as a broker trying to be conservative in our ARV estimate, can still sometimes be too high by 5% (worst case 10%) in some cases.
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21 February 2025 | 9 replies
I have strong financials and will be doing a >50% down payment for a Condo.
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19 February 2025 | 8 replies
So, if you have $500k in crypto and want to purchase an investment property for $300k.
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19 February 2025 | 6 replies
Does the agent not have to disclose this upfront?
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17 February 2025 | 12 replies
Every two years you have to get it tested.