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12 March 2024 | 24 replies
It will, depending on the financing, rents are strong in that area.Let's say you take a mortgage of 600k (75% of your ARV) Taxes - 5k Annually Insurance 2k Annually Rate - 7.5% 30 Year Fixed Your PITI payment would be $4,778.62If the lender is using a DSCR of 1.1 - you would need actual / market rent of $5,256.48 to qualify for a 75% LTV loan.
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13 March 2024 | 8 replies
It's hard work and takes knowledge vetting flippers and their contractors, understanding rehab costs and time lines, knowing ARVs, and keeping capital deployed full time from flip to flip (which is necessary or your annual returns decline to levels that could be achieved with a less risky strategy).
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13 March 2024 | 4 replies
., then my guess is you will save a fair amount of money (my annual board fees were $620).
13 March 2024 | 2 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
14 March 2024 | 60 replies
In the meantime another thing to look at with these ratings even though they are irrelevant for reasons discussed in this thread we actually have more positive reviews than negative reviews & are still given an F because we don't pay the BBB annually.
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14 March 2024 | 18 replies
So, there is nothing wrong with your thinking.Buying power in your area should continue to increase as military, civilians, and contractors have been getting decent to very good annual increases.
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12 March 2024 | 1 reply
Around what percentage annual net collections makes renting out worth it versus just selling and money market/interest.
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13 March 2024 | 7 replies
But, "good" looks like their fees in essence amounting to a living wage ($100K-$250K annual income across their dealflow) prior to their carried interest.
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13 March 2024 | 26 replies
a less-experienced investor is more likely to be flexible with terms or want to come to them together. someone with more experience i'd think would already have a set of terms that works best for them and their deals. 8-12% annual interest seems to be the most common range. the security of lending to someone with more experience usually comes with a lower rate, vice versa. if you have someone you want to lend to, just ask!
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13 March 2024 | 8 replies
All are doing well. 40% net/annual (about $50k) and 10% COC.