William Taylor
[Calc Review] A diamond in the rough? - Metro Detroit Duplex report
12 January 2025 | 6 replies
No management costs as it would be self managed, and estimated property taxes by the average of the past few years.
Murtuza Khoja
Considering buying a STR in Kissimmee
29 January 2025 | 3 replies
There are more factors than just the community (#beds, level of theming, location to the amenities, style of home (single family, townhome, condo) and others) But I would strongly advise to stay within some of the same communities you mentioned like Storey Lake, Windsor Hills, Championsgate and a few others if cash flow is your goal.
Carlos Olarte
Is it worth building Adu's in Orange County / Long beach ?
23 January 2025 | 12 replies
Here you are basically hitting it without needing to manage a property in another location.
Jeffrey Bourque
Found a Deal but Not Sure
27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
Michael Beirne
Section 8 BRRRR in Baltimore
22 January 2025 | 15 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
Jemini Leckie
Out of State Cash Flow
29 January 2025 | 11 replies
How would you suggest going about finding a deal and managing it out of state.
Jacklyn Robins
Trouble renting units in Cincinnati
21 January 2025 | 27 replies
Quote from @Jacklyn Robins: You've "never" had this issue, but you've only managed a few properties for five years.
Yael Doron
Title: Looking to Invest in the Phoenix, Arizona Area - Advice Needed
28 January 2025 | 14 replies
Focus on smaller single-family homes, condos with low HOA fees, or multi-family properties in these regions, and build a reliable local team of agents, property managers, and other professionals to ensure a smooth investing experience.
Reeti Peshawaria
Seeking advise - STR in Indio
16 January 2025 | 6 replies
What is drawing you to that specific location?
Polat Caglayan
about section 8
21 January 2025 | 13 replies
You need to work with a property manager that has experience with this, unless you plan on doing it yourself.