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24 February 2025 | 11 replies
It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.
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6 January 2025 | 9 replies
It's a part time job now.
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14 February 2025 | 2 replies
As for financing, focusing on saving while learning is smart, but also take time to research creative strategies.
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24 February 2025 | 4 replies
I am 67 and retired as one of the top Business Development entrepreneurs in the United States so this is a fun way to give back to the industry while changing it at the same time it needs it.. and it is that simple. .
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6 February 2025 | 2 replies
if you're W2 and full-time, hourly or salary, you should be able to go off your pay stubs for qualifying.
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15 January 2025 | 10 replies
This means your tenants' private-sector jobs will eventually end.
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7 February 2025 | 9 replies
In both cases I settled with the homeowner to avoid aggravation, lost time, and expensive lawyers.
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24 February 2025 | 4 replies
The city of chicago does not come out every time to read the meter for the water bill so they produce an estimate.
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20 February 2025 | 3 replies
I worked at hospital diagonally across street so very convenient and at the time this 2bed 1bath was all I needed.
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6 February 2025 | 9 replies
I find that most of the time, paying points up front isn't worth it in the end.