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17 February 2025 | 3 replies
If the numbers work when I run them, I know reality should only be better.ActualsPurchase Price $227,500Interest Rate 30 year conventional 6.375%Homeowners Insurance = $920.21Rents = $1,900 per monthTotal mortgage + escrow = $1,182.58 per month with rents at $1,900 my actual cashflow is $717.42.Additional numbers behind the dealTotal cash to close = $87,475.55Down payment = $80,000Homeowners Insurance - $918.36Rate Buy Down 1.283% - $1,892.43We paid to lower the interest rate by 1.283% over the course of the 30-year loan.
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18 February 2025 | 51 replies
I’m looking at a duplex and running half as STR and the other as mid-term for travel nurses.
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19 February 2025 | 5 replies
Quote from @Blake McWilliams: Using and running a CRM is what you need to help the business you have in real estate grow.
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20 February 2025 | 5 replies
I always run the numbers as a LTR to be safe. 500k is steep for a duplex but it all depends on what each side will rent for.
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22 February 2025 | 7 replies
My biggest piece of advice is to run it like a business especially with the tenant next door.
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20 February 2025 | 7 replies
I was thinking a bridge loan might be an option , and then refi it later and pay back the bridge loan, but I'm waiting for lenders to reach back out and run some numbers.
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20 February 2025 | 3 replies
Be sure to ask PMs about the vacancy rate in the areas you’re exploring to help you run your numbers.
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22 February 2025 | 48 replies
Human nature is fallible and any business that exists out there is run by humans.
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14 February 2025 | 6 replies
It's hard to get checks quickly, I know, who takes a check, but I've run into this before.
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13 January 2025 | 3 replies
Anyone that is looking at your assets is always going to need to factor in property management, so you can show that as a real expense (and really make it as high or low as you want).I work in a vertically integrated real estate and development company, and I cannot imagine how things would run if we did not have an internal property management company that essentially works for the other companies but also stands on its own.