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Results (10,000+)
Jennifer Fernéz Help with this deal!
18 January 2025 | 10 replies
@Jennifer Fernéz I run sum numbers for you with our tool, see comments and pics below before refinancing and post refinancing .Financial Breakdown: Purchase Price: $200,000 Mortgage (LTV 80%): $160,000 Interest Rate: 6% (30-Year Amortization) Mortgage Monthly Payment: $959Upfront Costs: Down Payment (20%): $40,000 Closing Costs (3.5%): $7,000 Renovation Costs: $15,000 1 Month of Carrying Costs During Renovation: $1,548Total Upfront Required: $63,548Year One Rent: Monthly Rent Income: $2,000 1 Month Rent Losses during renovations (-$2,000): -$167/month distributed over 12 months Total Rent Income: $22,000 per year => $ 1,833 per monthMonthly Expenses: Mortgage Payment: $959 Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $275 per month Assuming 5% Vacancy: $92 Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $1,676Monthly Net Cash Flow: $157Post-Renovation Refinancing Strategy after 12 months:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate a portion of your initial investment into a mortgage.
Alan Asriants The Rental License Guide - Philadelphia
18 February 2025 | 7 replies
This happened to me multiple times
Kareem Hammad New Agent Wanting To Learn About Investing Too
18 January 2025 | 10 replies
The more time I have the higher that number can go.
Matthew Steele Tenant moved out sort of?
3 February 2025 | 14 replies
The downside is the cost/time to move everything to storage.3.
Jeffery Jones Section 8 properties
8 January 2025 | 11 replies
They will do a slap dash job on a house that still has a bad roof and foundation in a neighborhood that will see zero appreciation. 
Rauph Souleimanov Creating a website with Carrot or NO Carrot
11 February 2025 | 3 replies
It's basically built on top of WordPress core and they made it simple and easy to navigate.Where in wordpress, you have to get some plugins (some are also monthly paid) to achieve the same kind of functionality.As @Todd Heitner mentioned, SEO is not just about having a good hosting/platform and features, it's about utilizing the features in a way so your brand has visibility and people that come into your website gets proper value of their time spent.Here's a table comparison for you that I wrote earlier:Now whether you have a carrot or a wordpress site, for SEO, you will need:- Website Credibility (Personalisation)- On Page SEO (Keywords, Titles, Meta Tags, Description, Image ALT Tags & Optimization etc)- Monthly Content Publishing (Regular Blogs & Location Pages)- Monthly OFF Page SEO (Citations, BacklinksNow if you consider the cost, end of the day it's quite same for both the platforms.But if you are starting fresh, I see no point of having their 180$ plan, you can continue with 89$/month plan from carrot and assign someone in your team to put regular blog posts and update the location pages.
Jonathan Ludizaca BRRRR Single family or multi family
3 February 2025 | 7 replies
Last time I checked, the prices did go up.
Erica Dike Not All Designers Get STRs—Here’s How to Hire the Right One
6 February 2025 | 9 replies
Time is money—choose someone who can execute efficiently without disrupting your revenue.8.
Michael Challenger First Time Home Flipper Looking to Connect w Lenders
10 January 2025 | 12 replies
Rates are a bit higher but if you can leverage up to do more than 1 flip at a time, it will be worth paying the lender fees.