
5 January 2025 | 18 replies
Id be happy to break-even with the rental income if I get all of my invested capital back.

9 January 2025 | 15 replies
There are BLOC's Business Lines of Credit which will allow collateralization of residential income properties.

8 January 2025 | 11 replies
My biggest focus right now is passive income.

11 January 2025 | 2 replies
Virtually everyone lives somewhere especially true for those that pay taxes (in CA property and income tax).

6 January 2025 | 8 replies
Don’t forget to pay your state of OH income tax, even on the formerly tax free money you are transferring out of NV in to a state with income tax. :-).

30 January 2025 | 45 replies
@Chris John I'm seeing quadplexes thhat are far cheaper per dollar of income today than they were in 2021.

12 January 2025 | 6 replies
Creative ApproachesIf the organization is hesitant about a sale, consider proposing creative terms:Seller Financing: The non-profit could retain an income stream from the property by financing the purchase.Partnership or Lease-Purchase Agreement: Offer to lease the property with an option to buy, giving them time to evaluate the relationship.Donation or Support: Consider including a donation or offering support for their mission as part of the deal.

26 December 2024 | 7 replies
Thanks.PM fees in Ohio typically range between 8–10% of gross income.

6 January 2025 | 8 replies
In this case even if the project went south and you broke even or even lost money, the equity (debt) you used would still be covered by the income you are earning on the rental property.

27 December 2024 | 2 replies
This provided a substantial return on the initial investment and freed up capital for future projects.Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%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)With a 40% expense ratio, the DSCR is approximately 1.45.