
29 June 2024 | 7 replies
Hi Sean.A lot of PM companies have software that will generate and upload the information to the client directly.

29 June 2024 | 4 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

2 July 2024 | 108 replies
If you use skip tracing, mailers, county websites to generate a list of 100 possible properties that the seller may let go of you'll be lucky to close on 1.

29 June 2024 | 9 replies
When banks (and MHP investors) look at the value of a mobile home park, they will not count the income generated from the mobile homes themselves as mobile homes are considered personal property.

28 June 2024 | 1 reply
These are park owned homes that generate really solid cash flow.

28 June 2024 | 4 replies
Of course you can collect the income generated by your business.

28 June 2024 | 3 replies
A higher cap rate indicates a better investment, as it means the property is generating more income relative to its cost.Our findings suggest that Reno is a good market for real estate investors, as it offers the potential for strong cash flow returns.

28 June 2024 | 4 replies
Once the renovation was complete, I **Rented** it out to generate steady income.

29 June 2024 | 8 replies
Thank you, Alex" We send out a lot of letters and have found that a professional approach versus a handwritten letter is better for generating quality leads.

29 June 2024 | 10 replies
The outstanding balance after 5 years (60 payments) will be approximately $364,814.The buyer would need to pay this amount at the end of the 5-year term, typically through refinancing or other financial arrangements.Using the Promissory Note for Financing in Florida:The promissory note valued at $400,000 from the sale can be used as collateral.Assuming you can get a loan of 75% of the note's value, you could potentially access $300,000 to assist in purchasing your new home in Florida.This detailed scenario underscores the potential benefits of seller financing, such as generating additional cash flow and converting equity into liquid capital for reinvestment.