30 August 2024 | 13 replies
Yes, if something breaks fix it, but if all ok just not cosmetically acetic then leave it alone.
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30 August 2024 | 7 replies
Take a break from the forums for a bit bc you're making my attempt to gain info very unpleasant whilst at the same time being confrontational, presumptuous, and incorrect.
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31 August 2024 | 22 replies
I'll break it out for you.Gross Salary: $80,000/yearGross Salary per month: $6,667/monthAfter Tax Salary per month (not including 401k investing (which you should be doing, but I get this is a real estate message board and this concept is not popular): $5,434Purchase Price: $600,000Interest Rate per Calculator: 6.941%Downpayment: 5% or $30,000Financed Amount: $570,000Mortgage: $3,769.67Property Tax: $600Insurance: $125Other Costs (per calculator): $333.33Total Monthly Payment: $4,828/monthAfter Tax Salary - Your New Homes Cost = $5,434 - $4,828 = $606CONGRATULATIONS, you are what is referred to as "house poor."
28 August 2024 | 4 replies
You're probably not breaking even, but if your subsidizing the property isn't breaking the bank, then holding onto it and waiting for interest rates to go down might be better.
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1 September 2024 | 79 replies
Without having done a flip before, I would say it's very unlikely that will happen seeing most people break even or lose money on their first.
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29 August 2024 | 11 replies
what it sounds like you are asking is illegal in many ways, section 8 laws, local laws, duel contract laws that conflict, there always has been also those out there looking to catch you breaking them, avoid it, dont offer it, dont entertain it, there is leeway up if the tenant meets certain conditions, say need 1 floor rental, if not rent may be inflated over realistic market, which is what rented at not listed at, keeping in mind sec 8 market rents also include utilities paid, you can usually reach by email fastest, they have set chart, heat type, neighborhood etc, more than listings found online
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29 August 2024 | 14 replies
Yes, your team will make or break you.
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28 August 2024 | 17 replies
Running out of wiggle room for those to sell breaking even after all the fees stacking on them.
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29 August 2024 | 5 replies
But please go in to this expecting to break even and learn for free.
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28 August 2024 | 2 replies
Preparing to break ground on a new park this week.