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9 January 2025 | 107 replies
You do that then you could have a lot of cash available to finance your next purchase and perhaps renovation costs as well.
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6 January 2025 | 57 replies
An avg buyer should just DCA into broad low-cost, load-free index funds.
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3 January 2025 | 5 replies
The most important thing for you to learn as a wholesaler is repair costs.
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8 January 2025 | 6 replies
At 19, house hacking is the best option if you have the downpayment and closing costs set aside.
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7 January 2025 | 0 replies
Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.
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3 January 2025 | 14 replies
At no time was I informed that what I was doing was going to cost money.
3 January 2025 | 4 replies
My home insurance cost went up significantly and looking to shop-around.
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4 January 2025 | 5 replies
Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.