
15 September 2024 | 22 replies
As a participating contractor of the Hero program I feel for your situation, there are unscrupulous people in every industry.

12 September 2024 | 6 replies
Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.

16 September 2024 | 35 replies
His expertise, industry insights, and personalized support have been great in my growth.One of the most significant positive results I've achieved from the mentorship is the ability to identify investment opportunities and make informed decisions.

12 September 2024 | 13 replies
I guess I really just want to gain experience so I can provide value to others in the industry.

10 September 2024 | 2 replies
Good afternoon,I’m new to the real estate industry and have been actively conducting market research by driving for dollars in the Austin (ATX), San Antonio (SATX), Houston (HTX), and Dallas-Fort Worth (DFTX) areas.

13 September 2024 | 24 replies
It was pretty exclusive list that was tedious to create.

10 September 2024 | 7 replies
This exclusion is only available for properties that have been used as a primary residence for the required period.Additionally, you won’t qualify for 1031 exchange benefits or long-term capital gains advantages unless you hold the property for more than a year or live in it for at least two years.

10 September 2024 | 1 reply
Your situation (different country, Airbnb income, longer hold time) may not fit this model exactly.Negotiating Better Terms:With the bank: Shop around for better rates, consider a larger down payment for better terms.With real estate agents: Offer exclusivity for a lower rate, or consider handling the sale yourself if legal in Georgia.Holding Period: Given the strong Airbnb cash flow, holding longer could be beneficial, especially if the market is appreciating.
10 September 2024 | 7 replies
If so you could qualify for the 121 exclusion and take the first $250k of the gain tax free.

10 September 2024 | 34 replies
Indeed, the good ones I've used tend not to have a particularly high view of their colleagues in the industry