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12 October 2024 | 13 replies
$2,000 rent for a 3x2 1500 SF house is pretty fair$2,000 at a 30% expense ratio which is way too low is$1,400 NOI per month$16,800 NOI per yeara 7% cap rate is $240,000$240,000 at a 6% interest rate and 30-year amortization is $1,428.92 per month or a 0.97 DSCRTo get to a 1.25 DSCR at these numbers you could only borrow $187,000 at a 6% interest rate with a 30-year amortization.
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10 October 2024 | 5 replies
I'm pretty sure this is allowed within California based on articles by CRES Insurance, but unsure about how to send clients to other state realtors as a finder.My question is: If I make agreements with realtors in various states outside California, can I send them clients and collect finder fees?
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14 October 2024 | 420 replies
I do try and attend a few meetings a week with the community, but the forums and my own deals keep me pretty busy.
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11 October 2024 | 18 replies
It is pretty typical for many wholesalers to overstate ARV and underestimate rehab costs.
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11 October 2024 | 26 replies
Is there any particular items that I underestimate or Did I just pretty much lowly estimate on all items?
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12 October 2024 | 8 replies
Just to explain the reason for my pointing out the updates; just a month ago it was cosmetically pretty ugly and I’ve added some square footage to the home.
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11 October 2024 | 1 reply
The advice isn't bad, but it's pretty basic.Where was your first house hack more than two decades ago?
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11 October 2024 | 2 replies
But In combination with fences and automatic gates it makes for a pretty secure-feeling place.
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11 October 2024 | 5 replies
That new part of Chicago near Schaumburg is great...I am pretty familiar with it because I am originally from Elgin.I know personally that I create undesired stress by taking on too much too fast.
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11 October 2024 | 2 replies
I lived in a mountain town tucked away in the Rockies for 7 years and to be honest I was pretty ignorant to the rest of the world.