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11 September 2024 | 22 replies
I am small time though built about 300 homes in the last 7 years or so.. 4 developments and spot lots in Charleston sc and Ocala FLA ( Fla was not worth the effort for us)..
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18 September 2024 | 47 replies
Predator lawyers are everywhere, in all industry's, and it is something that you need to be aware of.
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16 September 2024 | 40 replies
The stats suck for anyone trying to be successful in any industry.
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11 September 2024 | 1 reply
Hello all,I am currently pursuing a Master’s degree in International Real Estate and have 17 years of experience in the construction industry in my home country.
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13 September 2024 | 12 replies
I would think you could get a higher occupancy in a destination town like New Orleans but look at past years evidence from the property and look at industry standards.
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12 September 2024 | 15 replies
Start by finding an investor-friendly real estate agent who understands the process and can spot deals.
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15 September 2024 | 22 replies
As a participating contractor of the Hero program I feel for your situation, there are unscrupulous people in every industry.
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12 September 2024 | 6 replies
Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.
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16 September 2024 | 35 replies
His expertise, industry insights, and personalized support have been great in my growth.One of the most significant positive results I've achieved from the mentorship is the ability to identify investment opportunities and make informed decisions.
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12 September 2024 | 13 replies
I guess I really just want to gain experience so I can provide value to others in the industry.