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1 November 2024 | 48 replies
His warning to me is that once it starts to turn a profit, which most STRs do, I will have to pay Uncle Sam quite a bit.
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1 November 2024 | 5 replies
It’s important to balance cash-out refinance with maintaining healthy cash flow from rent.Mismanaging the Rehab Process:Delays in the rehab phase can eat into your profits.
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29 October 2024 | 131 replies
But, the investing education was phenomenally profitable for me and my husband.
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29 October 2024 | 1 reply
Wondering if there is a way to move him out, take over the payments, rehab, list, and do some sort of profit share at the end of sale.
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28 October 2024 | 4 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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2 November 2024 | 28 replies
This is neither good nor bad; and many times can be profitable if they are a legitimate wholesaler with a real track record of wholesaling.
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30 October 2024 | 21 replies
However, since interest rates jumped up in 2022, new construction starts have dropped a ton in the area, so within the next 1-3 years the amount of new supply coming into the market will drop a ton, and we should see demand outpace supply again and start seeing organic rent growth come back. 2015-2022 you would see 3-10% organic rent growth per year depending on the property and submarket.
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31 October 2024 | 24 replies
How to take, save, display, and organize pictures.
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5 November 2024 | 28 replies
A boiler building will operate less profitably than a furnace building.
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31 October 2024 | 8 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.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.