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1 August 2024 | 9 replies
Anything creative?
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31 July 2024 | 11 replies
We took lots of the thoughts and ideas at the time to heart and incorporated them as best we could.
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1 August 2024 | 15 replies
Being flexible AND creative is the name of the game.
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2 August 2024 | 21 replies
Exchange of IDEAS concerning notes, creative financing, creative exchanging, wealth building, etc.2.
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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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2 August 2024 | 15 replies
They all lead to a significant negative monthly return due to one or more of the following reasons:1) Asking Price is too high2) Traditional loan rates (FHA and Fannie Mae) are too high and affect total debt payment3) Existing rents are too low, so loan underwriters won't approve.4) Market Rents aren't high enough5) I would like to use the minimum down payment with FHA (3.5%) or Fannie Mae (5%).So, from all of these attempts, my understanding is the only way to make a house hack work in this region where I would at least breakeven on a monthly basis, is to purchase at a significantly lower price, lock in a nice creative deal or bring up my down payment to at least 20%.
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31 July 2024 | 0 replies
Even if a property appears chaotic or disorganized, a creative approach can reveal hidden prospects for big returns
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1 August 2024 | 15 replies
Hi all,Yes I see several hosts also vacant and offering below market so I believe it’s a supply and demand issue and not that I’ve cross listed different sites I’m getting inquiries for some reason again.I may have to sell if we’re not consistently booked unless we come up with something creative .I see some landlords trying to sell their units as well.I really appreciate all the helpful comments and tips here and will pursue them.Thank you BP community!
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30 July 2024 | 7 replies
It also incorporates all the major life areas, so you can build your life to achieve your goals in all areas of life.
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31 July 2024 | 17 replies
As I've informed most of my clients, due to interest rates and overall market conditions, Atlanta has become an appreciation-based investment market unless you're implementing a creative strategy such as rent-by-the-room, STR, MTR, etc.