30 August 2024 | 30 replies
FWIW i manage our 3 rentals plus our primary myself and i'm average skill.property 01CONVENTIONAL MORTGAGE5.375fixedoriginal loan amount $ 173,750.00monthly payment $ 972.95balance $ 76,047.67maturity dateAPR. 2041estimated equity $ 509,380.61estimated maximum sale price$ 615,000.00 prop taxes $ 6,741.79purchased feb. 2004 refinanced MAR. 2011property 01Portland OregonHELOCcurrent rate 8.5original4.0original amount$40,000.00 payment$211.75 balance$29,571.72 maturity SEP. 2034
30 August 2024 | 70 replies
Look at it from the average consumers perspective.
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29 August 2024 | 2 replies
Real estate investing is forgiving; the average person can still make money even with some big mistakes.
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31 August 2024 | 18 replies
I think @Jeremy Ellis also hit the nail on the head because it’s very important to figure out if that property fits within your current goals and strategy.Thanks so much for the compliment, no one ever spells my name correctly as a result though lol.It would be helpful if we had a couple more inputs such as The current rent is $850/mth (with $100 taken out for a property manager)expenses (i usually have a couple of repairs every year which are on average $1200-$2000)After taxes at this point, I'm not making money but before the increase, it did cash flow How long have you held the property?
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29 August 2024 | 11 replies
Say the local utilities average is $200 per month.
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29 August 2024 | 16 replies
This chart basically shows me which City's are most desirable (can do the same with Zip Codes):Anything to the right of 0 means the $/sf is growing QoQ on average, and the height is the current $/sf of that market.
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29 August 2024 | 43 replies
What's the average day on market for a comparable listing?
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29 August 2024 | 19 replies
So average balances in the bank in the low to mid 7 figures is how you do these deals.
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29 August 2024 | 2 replies
On average, they are all just people.
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30 August 2024 | 29 replies
High rents and not much weather on average.