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Results (3,504+)
Ray Realdine Rental Markets outside Philly
23 November 2018 | 16 replies
Here are a couple examples that I've worked with.Example 1 - South End of Sewell - BRRR Duplex (2/1 & 2/1)Acquisition and Rehab was $200kARV: $240kIn the deal for $20kRent Roll : $2800 a month(1400 a unit)Mortgage: $1400 a month (200k @ 7 %)Taxes: $516 a monthInsurance: $100 a monthLicences/Sewer/Gas: $20 a monthVac/Capex/Repair: $316 a month (that's a lot but lets be safe)Cash Flow: $448 + you have 40k in equity and a fat safety net each month due to an accrual rate of $316 a monthExample 2 - Lindenwold SFH - BRRR 4/2Acquisition and Rehab was $110kARV: $140kIn the deal for $5kRent Roll : $1700 a monthMortgage: $700 a month (105k @ 7 %)Taxes: $441 a monthInsurance: $90 a monthLicences/Sewer: $15 a monthVac/Capex/Repair: $200 a month (that's a lot but lets be safe)Cash Flow: $254 + you have 35k in equity and a fat safety net each month due to an accrual rate of $200 a monthThe Sewell usually has ideal tenants and very little headaches.
Christina Tkacs Continuous clog in the sewage line - whose fault?
25 November 2018 | 17 replies
Yes, an obstruction (belly, back graded etc) will let solids settle and will back up water. 
Engelo Rumora Why you should NEVER invest in stocks over real estate...
17 December 2018 | 50 replies
it will begin the consistent path on your way towards financial freedom.Plus, I'd rather be my own "CEO and team of executives" on decision's made relating to every property I buy, rather than some other wankers in $5,000 suits only trying to hit analysts projections so that they can get a fat check at the end of year.Thanks for readingYour favorite AussieEngelo
Account Closed Bathtub vs. Walk-In Shower
24 November 2019 | 15 replies
You can get a new steel tub at home depot for $300 (don't get the fiberglass tubs, they crack under the weight of fat Americans) If you are going to remodel the whole bathroom my vote would just be to put in a new tub. 
Andrea Parsley Please allow me to introduce myself...
20 March 2019 | 10 replies
Welcome Andrea,Your drive to become financially independent rings a bell.  I
Alap Desai New to Multi-Family - My Investment Strategy
26 March 2019 | 4 replies
Reason being, if that sector is dying or company starts laying people off, moves, or goes belly up, then you still have enough residents and potential residents left in that market to keep occupancy up etc.
John Hunt Young 20's investing - What are my advantages?
13 October 2019 | 69 replies
You've got fire in the belly so turn it into something. 
Matthew Wright Orlando Short Term Rental
11 May 2020 | 53 replies
The saying "Pigs get fat, hogs get slaughtered" really applies here; I offered a deal on a place and came up to my maximum all-in, and they wouldn't come down $2500 to make the deal.
Austin Joseph Higher ARV % For Competitive Markets
27 March 2019 | 7 replies
Labor costs are huge.If I don't see a big fat margin of 30+% then I am not going to touch it on a flip property.
Kevin OBrien Balancing life while trying to getting into RE investing?
18 February 2019 | 21 replies
Someone mentioned that it may be time to start cutting off the fat and focusing on the ones that are more promising, and coming back to the others later.