1 January 2025 | 24 replies
Are you looking to flip so you can make income today?
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30 December 2024 | 1 reply
Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)
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28 December 2024 | 7 replies
once you graduate would your income go up?
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2 January 2025 | 12 replies
Do you have W-2 Income, 20% down, reserves, and a decent credit score?
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1 January 2025 | 3 replies
Quote from @Kevin Robert Highgate: The ability to invest in property and replace your W2 income quickly is tough.
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5 January 2025 | 11 replies
I moved to Reno Tahoe, NV where you can be 3 hours from the beach and there are low property taxes, no state income tax and limited new construction.
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12 January 2025 | 12 replies
This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.
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31 December 2024 | 0 replies
We’re looking to install a property management firm within the organization as a way to generate steady income and keep operations running.
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31 December 2024 | 2 replies
I'm a Realtor with a couple properties listed in Boise, ID and a neighboring town for my investor/client that are currently rented as co-living or rent-by-the-room and getting killer income. (7.3% - 9.5% Cap rate) So far, every inquiry has been baffled by the concept of co-living or rent-by-the-room and immediately ask if they're being run as a halfway-house (which they are not).
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28 December 2024 | 1 reply
Convert them into income machines!