Tyler Edens
House Hacking Budgeting
20 January 2025 | 4 replies
Here are the key numbers:Potential purchase price: Mid-$400k rangeAppraised value: Estimated at ~$500kRehabbed comparable properties (comps): ~$580-600kMonthly PITI (with 5% down, including mortgage insurance): ~$3400First-year PITI (with 2-1 buydown): ~$2900Monthly income (after taxes): ~4-5kLiving expenses (utilities, groceries, etc.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.
Nicholas Woo
what are your thoughts using Anderson advisors?
21 January 2025 | 31 replies
. -- They have fixed fee structure to compare with anderson advisors without any blatant selling tactics https://www.kbkg.com/" class="redactor-autoparser-object">https://www.kbkg.com/https://go.empiretaxusa.com/61...If you attend any tax-wise or other 3 day events with anderson which costs $197 + travel expenses you will get enough knowledge on how they operate and you should be able to understand what LLC structure is beneficial, also they have a large collection of online videos with plentiful of information on youtube and tax tuesday webinars.
Jonathan Blanco
Is it worth seeking lenders with $0 lender fees?
25 January 2025 | 12 replies
., (3) gives you viable options and explains the pros and cons of each option and (4) you enjoy interacting with - this should be a relationship, not a transaction.Once you find a few lenders like this (and you should have relationships with more than one), then you can start comparing rates and fees.
Abrahm Dimmitt
Prop stream or Deal Machine?
17 January 2025 | 35 replies
@Milton Vidrine I came here trying to compare BatchDriven and DealMachine.
Cosmo DePinto
Has anyone used Anderson Advisors?
27 January 2025 | 10 replies
I bought lots of umbrella insurance.I'd recommend you talk to a local attorney and compare services and fees with Anderson.
Gregory Schwartz
What is a good occupancy rate for MTR
9 January 2025 | 8 replies
Also, just compare your listing with the competitor listings.
Patrick Braswell
Home Equity Loan vs. Refi on rental without existing mortgage?
19 January 2025 | 5 replies
Interest rates between a HEL and a refi are comparable, the equity in the property is equal to the value of the property and I only need about 50% to purchase another property.
Griffin Brenseke
Sell or hold an investment property (4.75% rate)
13 January 2025 | 7 replies
Selling and exploring a 1031 exchange could make sense if you can find a deal with stronger cash flow or faster equity growth, but the key is comparing your current return to what your skill and experience could generate in another investment.Here to help,Jorge
Troy Smith
Refinance step of BRRR
13 January 2025 | 11 replies
A tidy, well-organized space can help the appraiser focus on the home's features rather than distractions.Research Comparable Properties: Have a list of comparable properties (comps) that have sold recently in your area.
Kyle Carter
Distressed property valuation
8 January 2025 | 5 replies
You look for comparable sales for other distressed properties that are similar and nearby and also counter that with finished version comps so you can see what your perceived spread could be.