Kash Tacke
Turn a detached garage into an ADU?
8 January 2025 | 6 replies
Such strategic zoning decisions bolster the provision of affordable living spaces, invigorating local economies by amplifying the consumer base to support nearby businesses.
Evelyne Ling
Junior Lender Foreclosure questions
6 January 2025 | 2 replies
It's called a payoff statementif it's a big lender you will not buy the loan as it will take forever, you are better just paying it off. you then can foreclose based on the total balance owed to you which is both loans and any accrued interest. regarding fixing property or selling as is, that really depends and needs to be evaluated on a case by case basis
Jean Romelus Lisma
New member Introduction
7 January 2025 | 7 replies
I'm a central CT based investor, flipper, and property management company owner.
Meir Ben-Yechiel
Question About Investment Goal Strategy
8 January 2025 | 5 replies
I’m based outside the U.S., so any insights on managing investments remotely would be helpful.I’m also open to being as involved as necessary to reach this goal.Thanks in advance for your help!
Desiree Rejeili
What To Save for When Buying a Home
9 January 2025 | 0 replies
Earnest Money DepositAnd if you want to cover all your bases, you can also consider saving for an earnest money deposit (EMD).
Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
India H.
1st time REI ready to make first purchase!
16 January 2025 | 10 replies
This will vary based on region but in general 2 – 5 points, 9% - 16% APR (meaning this is the annual rate so divide it by 12 to get the monthly interest amount), and documents fees can be from $600 – $1,900.
Josh Ball
Unique STR ideas/feedback
14 January 2025 | 18 replies
Being a remote location might already limit client base.
Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.
Torrean Edwards
TR, I am an investor from Milwaukee.
27 December 2024 | 27 replies
My name is Rebecca and my husband, Nick Knox III and I have run Captain Save a Home LLC, Brew City REI Club, Brew City REI Training Cafe and Wisconsin Contractor and Handyman Club based out of Milwaukee, WI for over a decade.