
26 September 2024 | 2 replies
If a flip doesn’t sell immediately, it’s possible to rent out the property and generate consistent cash flow while waiting for market conditions to improve.Infrastructure Growth: The city is also seeing improvements in infrastructure, such as new development projects and expanded amenities in up-and-coming neighborhoods.

25 September 2024 | 8 replies
I don't see that you lost any money in the deal so I would just start over and not waste mental energy on the colossal errors of this former agent and team.

25 September 2024 | 1 reply
The “purest” example of cash flow investing is the investor who signs a 10 year lease as a “master tenant” on a commercial building and operates the building generating positive cash flow through releasing the space throughout the 10 years.

27 September 2024 | 12 replies
Reedy is multi-generational and very well equipped.

26 September 2024 | 11 replies
That is REALLY bad news because dryers generate a huge amount of humidity and those damp spaces are an invitation for mold and wood-rot problems.

22 September 2024 | 5 replies
I'm looking to get to my first couple of sales and I heard here is the best place to look for advice. I'm in the Providence RI area, I've been using deal machine to virtually d4d, I am trying to find the most efficien...

26 September 2024 | 2 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

25 September 2024 | 18 replies
The 2,500 would obviously not compare to tax deductions generated in the thousands.

27 September 2024 | 14 replies
I think most real estate agents won't waste time on buyers who are "coming in with an offer well below asking" with their main justification being they want to pay less, fishing for that rare seller who will randomly accept a much lower offer before dropping list price first to generate competition.

25 September 2024 | 11 replies
This is also programmed into our PM software, so it happens automatically.Our lease also states what rent will be applied and in what order and also a security deposit.So, you may want to check these documents to see if this is covered with your PMC.While we always try to be fair with our clients, we also have to generate enough income to pay our bills.