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Results (10,000+)
Vinny Incognoli HELOC Primary Home for Down Payment?
28 August 2024 | 18 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.
Sanjeev Advani Macy's Sees Strong Demand for Real Estate Amid Department Store Decline
28 August 2024 | 0 replies
Despite declining sales and increased competition, Macy's real estate assets are proving valuable, particularly as U.S. retail vacancy rates remain low.Macy's has already sold a Miami property for $36 million and expects to generate $115 million in asset-sale gains this year.
Kenny Stevenson Starting out. Need starter advice
29 August 2024 | 10 replies
Mobile homes can generate solid returns without needing to finance or deal with extensive renovations.
Richard Purdy What is the best lead generating platform for wholesaling single family houses?
26 August 2024 | 3 replies

I used to use ispeedtolead. I would get about 20 leads daily and about 1% of those would lead to a property closing out. I'm looking for the a platform similar to this, where I can get daily leads, and a deal where ev...

Caleb Vance Pitch Deck for Lender
27 August 2024 | 6 replies
Here is one template that might generate some ideas;Deal- Property Type- Property Location- Market Metrics (as @Joseph Firmin mentioned above)- Scope of Work (both what qualitatively will be done and the corresponding $ amounts)- Exit Strategy (Sale, Refi)Borrower(s)- Borrower(s) experience (focus on relevant project experience)- Personal financials (as @Joseph Firmin mentioned above)- Additional info
Melissa Ford What website to display my listings?
27 August 2024 | 2 replies
Although I haven't yet used my website to market listings, my consultant has mentioned ways to generate traffic to your site using specific keywords and running ads to listings on your site.If I get any feedback, I will share it here or PM you!
Andy Gibson Getting Started - Thoughts on Working with a Financial Advisor?
29 August 2024 | 13 replies
So it's just extremely unlikely that you'll be able to generate a return that would justify paying the taxes in 1 or offsetting the interest you'd pay in 3.If you save up and buy a traditional LTR at or above the median price, you'll likely be break even or negative. 
Brian Joseph OConnor House Hack Duplex deal in Norfolk, VA
27 August 2024 | 0 replies
Once I move out the entire property will generate $3570/month in rents. 
Ignatius Okeke Out Of State Investing
27 August 2024 | 8 replies
Maybe it's a way to build generational wealth by having a tenant pay down the principal every month? 
Tyler Carter Are most all Refi Cash Outs the same?
28 August 2024 | 9 replies
Great discussion you generated here for those looking to learn more about cash-out refinances.