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24 September 2024 | 8 replies
We track properties using the customer feature.
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25 September 2024 | 1 reply
The “purest” example of cash flow investing is the investor who signs a 10 year lease as a “master tenant” on a commercial building and operates the building generating positive cash flow through releasing the space throughout the 10 years.
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24 September 2024 | 14 replies
Really simple things that should have been easily taken care of by customer service but I could not get them to understand the problem I was encountering and it would take days to get a response.
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27 September 2024 | 12 replies
Reedy is multi-generational and very well equipped.
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26 September 2024 | 7 replies
They often offer more flexible terms and customized interest rates and repayment schedules.
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22 September 2024 | 5 replies
I'm looking to get to my first couple of sales and I heard here is the best place to look for advice. I'm in the Providence RI area, I've been using deal machine to virtually d4d, I am trying to find the most efficien...
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24 September 2024 | 8 replies
Also you have to constantly look for customers and you competing with highly competitive hard money lenders.Lendng under $50k is great idea because most HML don't do loans less then 100k.So I found that traditional real estate is much more passive and easier but I still be interested in private lending on a deal to deal basis I such deal falls into my inbox and it passes all check and balances.
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25 September 2024 | 20 replies
In other words, are you looking to make 80k in the next year, or are you looking to create cash flow that will continually generate 80k annually (and create a portfolio within a year that gives off that cash flow)?
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26 September 2024 | 2 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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25 September 2024 | 18 replies
The 2,500 would obviously not compare to tax deductions generated in the thousands.