Adam Newman
10% down or 20% down???
19 January 2025 | 6 replies
Seller and buyer commissions are a total of 6% - $17,340.
Daniel Segovia
Adapting to the Current Real Estate Market – Challenges and Opportunities
9 January 2025 | 2 replies
Totally understand that those things don't closely mirror the BRRRR model too closely, but that's what I'm seeing right now.
Alex R.
Southern Impression Homes
14 January 2025 | 27 replies
We signed P&S agreements on 6 different properties totaling 20 units approximately 8 months ago and received a call today that the price we thought we were buying at has to-be increased on average 13% due to the increased cost of construction.
Gregory Banks
Basement crack repair estimates - who to trust?
1 January 2025 | 11 replies
Looks like biting the bullet and getting an engineer may be my best bet.
Troy Smith
Refinance step of BRRR
13 January 2025 | 11 replies
I usually provide our budget as well with totals spent.
Kolby Knickerbocker
should I sell a property to pull out $500K and invest it elsewhere?
15 January 2025 | 18 replies
If you kept the property, and accumulated the CF/yr, it would take you 25 years to get that same equity that's sitting, frozen in your property.Also, if you cashed out and used that same equity as a DP on different RE, at 20% DP, that equity would buy you $2M in PV, not just $700k,...and, I'd be willing to bet, you could find new RE that would have a yearly CF well over $20k/year.On top of that (remembering my initial statement above), any appreciation applied would be applied to $2M, not just $700k.
Tove Fox
Nevada, Ohio, Michigan, Pennsylvania Out of State Investing
14 January 2025 | 20 replies
If you just want to do buy and hold, you can purchase a duplex in a B area for around 150-180k with rents at around $2400/mo total.
Arthur Schwartz
Software for seller financing
29 December 2024 | 7 replies
Other companies people use are SNSC, FCI, Landhome, Homekey and others.That would be your best bet.
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
15 January 2025 | 4 replies
However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.
Sara Holt
First timer getting creative??
12 January 2025 | 1 reply
My passive income would be $262 total ($131 per unit).