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20 December 2024 | 2 replies
Cash portion of purchase price (of course!)
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14 December 2024 | 15 replies
A good tip is to reach out to contractors, visit local supply stores, and check out online resources for cost ranges.
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18 December 2024 | 13 replies
If you want to explore MF or any other asset class, the best course is to go to some training courses and get a coach or mentor.
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26 December 2024 | 18 replies
Of course it will be much harder to find someone who wants to pay for it as a business as they will need a loan and appraisers will probably lean towards a real estate valuation
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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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20 December 2024 | 4 replies
and of course thanks for the info!
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7 December 2024 | 6 replies
There's a few GC contracting coaches out there that likely have a few tips that would apply to how you want to see this ran.
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25 December 2024 | 22 replies
Happy to connect and share more tips!
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23 December 2024 | 15 replies
I just think it is important for consumers to realize that they cannot use Handymen for everything (of course depending on their state as you say).And yes, better to jump in and get going.