Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
22 January 2025 | 12 replies
Given that and some other characteristics, from what I'm told it would be in demand as far as rental applicants.Ideally, I would like the option to return to it.With repair estimate of 1% of purchase price and property management fees, it's pretty much a break even on the monthly overhead.
William Taylor
[Calc Review] Help me analyze this duplex in Michigan - are these numbers correct?
12 January 2025 | 12 replies
Principal Paydown: $2,441 Total Gain: $58,317 ROI: 360.32% (on $16,185 upfront investment: 3.5% down payment of $8,715 + 3% closing costs of $7,470).Year 2 Analysis Cash Flow: -$752 Home Appreciation: $6,120 Principal Paydown: $2,617 Total Gain: $7,985 ROI: 49.34%.Year 3 Analysis Cash Flow: -$375 Home Appreciation: $6,242 Principal Paydown: $2,806 Total Gain: $8,674 ROI: 53.59%.Year 4 Analysis Cash Flow: $9 Home Appreciation: $6,367 Principal Paydown: $3,009 Total Gain: $9,386 ROI: 57.99%.Based on these numbers, you’d have negative cash flow for the first three years and only break even in Year 4, assuming a 2.5% annual rent increase.Adjusted Scenario see second picture: Landlord Covers Gas and WaterIn the second scenario, I assumed the landlord would pay for gas and water at $300/month while maintaining the same 2% home appreciation rate.
Jeff G.
What are some warning signs that an area is slipping from C class to D class?
7 January 2025 | 19 replies
The property manager can make or break you, it has to be a PM that is working in that space and is comfortable there.I agree with earlier comments to look in the front and back yards to see how many old cars, abandoned junk, or treasures that aren't treasures are piling up.
Andrew Schaff
Hello BiggerPockets! New PRO here
14 January 2025 | 7 replies
Our aim is to maximize appreciation and rent growth while still cash flowing enough to break even after all expenses in the short term.
Kyle Carter
Negotiating Favorable Terms
12 January 2025 | 2 replies
Negotiating favorable terms is both an art and a science, and in real estate, it's a critical skill that can make or break a deal.
Stephen Tawiah
Funding For First Real Estate Deal
2 January 2025 | 9 replies
As per chatGPT, closing costs in Ohio are usually 2% - 5% of the price, so maximum: $6950.I'm open to working with lenders of any kind to make this happen.Hate to be the bearer of bad news but no lender will touch this as an investment. you will need to come up with 25% down plus closing costs.
Robert Loebl
Is Albequerque a solid cash flow market?
6 January 2025 | 2 replies
Most 3BR turnkey homes are closer to $285K and upwards, so with money more expensive, and minimum rent of $1800... possible break even scenario.
David Pike
Ashcroft Capital AVAF2 Fund 2 Status - Potential Capital Call?
20 December 2024 | 22 replies
In addition to the issues with debt costs, the properties don't seem to be functioning in a manner that will lead to profitability or even break even.
Jed Butikofer
No more mortgage payment, but not yet FI/RE: How should I utilize these funds in REI?
20 January 2025 | 37 replies
I don't know of much outside of on the market listings, and the "best" deals I find there are breaking even with no cashflow.