
9 January 2025 | 107 replies
I believe Wichita will grow in coming years.

27 December 2024 | 2 replies
This provided a substantial return on the initial investment and freed up capital for future projects.Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)With a 40% expense ratio, the DSCR is approximately 1.45.

18 December 2024 | 9 replies
Asset manager role would be to give advice on property that could be value added and increase the income on a property by small or big tweaks.

30 December 2024 | 12 replies
But its more of a rarity than deal flow and she has no interest in coming on BP..

28 December 2024 | 6 replies
Investing in short term notes with your SDIRA is a great way to generate income for retirement.

29 December 2024 | 5 replies
Any of these will leave you in a much better position for success, and provide a greater income while you learn.

24 December 2024 | 25 replies
It does bring in some income outside of season as it is close to AC but it certainly makes over 80% in 3 main months.

27 December 2024 | 10 replies
Big banks and credit unions will look at a full DTI(personal income) while others will just look at the cashflow of the property.

31 December 2024 | 13 replies
Liquidated damages can compensate the owner for lost rental income or extended financing costs.

28 December 2024 | 8 replies
The median income is low but the amount of renters is high.