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20 February 2025 | 18 replies
Quote from @Bruce Yi: @Gustavo Delgado what's a reasonable additional deposit?
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17 February 2025 | 3 replies
If the numbers work when I run them, I know reality should only be better.ActualsPurchase Price $227,500Interest Rate 30 year conventional 6.375%Homeowners Insurance = $920.21Rents = $1,900 per monthTotal mortgage + escrow = $1,182.58 per month with rents at $1,900 my actual cashflow is $717.42.Additional numbers behind the dealTotal cash to close = $87,475.55Down payment = $80,000Homeowners Insurance - $918.36Rate Buy Down 1.283% - $1,892.43We paid to lower the interest rate by 1.283% over the course of the 30-year loan.
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8 February 2025 | 2 replies
I'd be happy to add you to it as well so you could receive weekly snapshots.
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2 February 2025 | 4 replies
Most also work off of call lists that are incredibly outdated, so anything you do today likely won't have an impact for a while....I received a call from an idiot on Tuesday wanting to know if I would sell a piece of land.
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16 February 2025 | 6 replies
You'll want to take a spreadsheet and create a list of all properties you've purchased...particularly in the last 36 months and include the address, lender, purchase date, either rent you receive or disposition date, how much you sold it for, how much you rehabbed it, etc.
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18 February 2025 | 0 replies
Instead of being upfront about the additional interest, they presented misleading figures that made it seem like I was getting a better deal than I actually was.
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27 January 2025 | 18 replies
I had an electrician go out today to inspect and give me a quote to fix and should receive the report tomorrow.
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16 February 2025 | 2 replies
Wasn't sure if I would create additional equity from getting it rezoned to Res.
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23 February 2025 | 10 replies
Quote from @Tyler Dunkel: Hi all, I have a property that I have already purchased and I am looking for a way to access additional funding to finish the rehab.
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22 February 2025 | 10 replies
I would say it's not worth rocking the boat for less than $200 additional per month, when you look at what you're overall ROI. if it's really that big of a deal to you, maybe consider canceling the pest services that you know are being utilized and would facilitate not having a roach problem, so that you can save that extra money every month and have that money back instead of raising the rent price to the tenant.I have seen this in many different places, Metropolitan, rural and otherwise, and it doesn't necessarily matter with the market rent is you're not always going to get that.