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14 January 2025 | 2 replies
My name is Zach Langley, and I’m a licensed realtor based in Dallas, TX.
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21 January 2025 | 7 replies
Based on what you say, the LLC may be the better option. ...This post does not create a CPA-client relationship.
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12 January 2025 | 10 replies
Nightly rates and estimated revenue based on all the other units in the area?
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17 January 2025 | 6 replies
I believe its an epoxy based paint. 6.
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25 January 2025 | 26 replies
You will want to mail the same area multiple times throughout the year.Phone callsCall your contacts once a quarter to touch base.
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23 January 2025 | 23 replies
I would suggest coming to some investing meet ups and just start talking to others and form a plan based off of that.
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14 January 2025 | 1 reply
In the meantime I would touch base with lenders and get the financing squared away.
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5 January 2025 | 17 replies
If it's a long-term play, the potential savings on PMI with a conventional loan could be significant.Have you compared rates for both options?
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13 January 2025 | 2 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
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21 January 2025 | 21 replies
We're based out of Chaska.