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28 August 2024 | 4 replies
That's the job.Good news: once you gain more traction you can leverage a cold calling VA to help with the initial contact (the most time intensive part of the process), I run a call center for Real Estate so I know this can work.
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29 August 2024 | 10 replies
You’d buy a fixer-upper, renovate it to boost its value, rent it out, then refinance to pull out your initial investment and do it all over again.
29 August 2024 | 70 replies
You may have slightly higher closing fees, but are well protected because you are in title initially.
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28 August 2024 | 18 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.
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28 August 2024 | 32 replies
So my initial plan was to get in touch with them some how and get on a call then present my deal, but as I said before I can't really get my foot in the door
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27 August 2024 | 0 replies
We are interested in Mobile County and the Huntsville area.We are from CT, so we are requesting your assistance in finding ~ a good Alabama real estate attorney, and ~ interested investors for quick flips (initially) We welcome advice and feedback to increase our knowledge of this state and those counties.I appreciate it!
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28 August 2024 | 14 replies
@Mike C.During our initial hour-long conversation, we discussed the rental market and how I founded ConnectLinx as a real estate investor, entrepreneur, and broker for a leasing agency, particularly how we were both upset when Rentlinx announced it was shutting down.
30 August 2024 | 13 replies
Just to chime in... why would you keep working with a PM that you don't trust or won't take initiative to address your concerns?
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26 August 2024 | 13 replies
This creates a negative initial position.
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27 August 2024 | 2 replies
Went over budget and over schedule because I had to rehab a lot more than I initially thought.