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31 December 2024 | 13 replies
I guess it's just too many factors to consider and it easy to get overwhelmed and cannot get accurate info and estimation when I conduct analysis (ex. property tax rate, insurance, maintenance fee, rent, repair, closing cost, etc.)
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29 December 2024 | 0 replies
Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000
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2 January 2025 | 11 replies
If you are considering renting it for a minimum of 30 days, I believe you will be exempt from any short term rental rules and taxes.
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17 December 2024 | 5 replies
My last Tax Deeded Property returned 233% ROI.
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2 January 2025 | 5 replies
A friend of mine invested in one last year—apartments upstairs, a small coffee shop downstairs - and the combination of income streams made it a steady performer.Scaling with a 1031 Exchange:While not applicable unless you sell a property, planning for a 1031 exchange could help you scale quickly while avoiding capital gains taxes.
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31 December 2024 | 6 replies
I’m talking about getting thorough with expense estimates, factoring in property taxes, insurance, and a cushion for maintenance.
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27 December 2024 | 3 replies
Tax structures and mortgage regulations might also shift as canada mortgages are very different.What do you think would happen?
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29 December 2024 | 4 replies
Rough calculations on what I need to be looking for:90k deal (purchase and renovations to get max rent)20% down = 18k from me80% bank loan at 8%, 20 yr amortization = 72k-------------------------------------------------- Here's my DSCR calculation:Calculate Net Operating Income (NOI):Monthly rent: $125040% expense ratio (taxes, insurance, repairs, vacancy) = $480NOI: $1250 - $500 = $750Calculate Monthly Mortgage Payment:Loan Amount: $75,000Interest Rate: 8% per year (0.08/12 = 0.006667 monthly)Loan Term: 20 years (20 * 12 = 240 months)Monthly Payment ≈ $627.83Calculate DSCR:DSCR = NOI / Monthly Mortgage PaymentDSCR = $750 / $627.83DSCR ≈ 1.20Therefore, with a $75,000 mortgage at 8% interest over 20 years, the DSCR is approximately 1.20
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18 December 2024 | 20 replies
Tax liens in MD are good for two years.
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21 January 2025 | 74 replies
I have done deals such as wholesale deals, Rent to Own, Lease Option, Option deals, Tax Liens, Finding private money all because of some of their videos that helped me understand how to.