Jullion Cooper
First Detroit Investment Property
5 February 2025 | 3 replies
@Jullion Cooper Congrats on your purchase!
Brett Baker
On water or off? Best value for ROI
5 February 2025 | 8 replies
Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.
Todd Knudson
Tax question on a direct ira rollover
31 January 2025 | 9 replies
Assuming you purchased in your IRA for cash as most do, then there's nothing to deduct or depreciate because the income is non-taxable inside the IRA already.
Ella Marie
New and ready to learn hands on
4 February 2025 | 10 replies
Hi Ella, welcome aboard,Your post about your real estate ambitions, encompassing the purchase, renovation, and sale of properties, as well as the ownership of Airbnb rentals, is indeed an exciting endeavor.
Adam Sherwood
Duplex House Hack
5 February 2025 | 2 replies
You've shared so many gems and described a realistic depiction of purchasing an investment property.
Tom Hall
is it a good idea to pay of my mortgage fast?
6 January 2025 | 28 replies
I included stats on percent unleveraged purchases and that many of those fairly low percent cash purchases in fact use unseen leverage HML, private lending, etc and some are short term cash holds such as a flip or a brrrr that gets financed not long after purchase.
Sanusi Kamara
Property number 3
4 February 2025 | 1 reply
Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000
Sean Spagnola
Buy a portfolio or build my own?
6 February 2025 | 5 replies
With those in mind, would a portfolio purchase get you there quicker, maybe.
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
7 February 2025 | 5 replies
Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision.
Artney Stewart
Buy box criteria
7 February 2025 | 8 replies
You will need to narrow down the zip code or street a little more based on where you decide to purchase, but this gives you a good start.