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15 January 2025 | 29 replies
Essentially the Fund would be our bank that lends to my LLC who purchases the properties.
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19 January 2025 | 10 replies
If you PM me I can get you in touch with a processing company with fair rates.
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19 January 2025 | 4 replies
Window Styles Explained: Choosing the Right Look for Your Home" – Simplify the decision process for homeowners."
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24 January 2025 | 10 replies
As we all know, you are really paying for the commission in the purchase price.
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20 January 2025 | 31 replies
And the only "client" reviews I've seen mention that their customer service is non responsive and difficult to get a hold of once you're purchased their services.
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23 January 2025 | 5 replies
If you're still in the process of identifying and connecting with a QI, I'd be happy to provide a referral if you're interested.
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18 January 2025 | 19 replies
You'll definitely need more time to get things processed.
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11 January 2025 | 3 replies
You may also want to consider purchasing multi-unit properties and live in one of the units.
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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.
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17 January 2025 | 6 replies
The differences between most software is subtle and may be how they bill for their service, support their product, or the process to use those features.