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Results (10,000+)
Greg Moore Anyone moving their investments to Bitcoin?
7 October 2024 | 190 replies
The increased adoption by companies is telling and is expected to increase over time.Concerns over the continued printing of money, erosion of the dollar and our national debt are all accelerating adoption.I hope this helps anyone that might be interested.
Jovanni Thammavongsa First BRRRR at 20 years old doing 7 figures in SFR REI
5 October 2024 | 1 reply
Adding Value: Renovations can significantly increase your property’s value.
Landon Lehmann How to leverage my person residence
5 October 2024 | 7 replies
For a $300,000 property, this could be $6,000 to $15,000.Mortgage on Rental Property:Loan Amount: $240,000 (assuming 80% financed at 4% interest over 30 years).Monthly Payment: Approximately $1,145.Other Expenses:Property Taxes: Estimated at 1.5% of property value annually ($4,500).Insurance: Estimated at $1,500 annually.Maintenance: Estimated at 1% of property value annually ($3,000).Property Management Fees: Assuming 10% of monthly rental income ($2,400 annually if rent is $2,000 per month).Vacancy and Turnover Costs: 5% of annual rental income ($1,200).Total Initial Investment and Annual Operating ExpensesInitial Investment:Total Borrowed from Equity: $150,000Down Payment for Rental Property: $60,000Closing Costs for Rental Property: $10,500 (average)Total Initial Cash Outlay: $70,500 (initial investment from equity) + $10,500 (closing costs)Annual Operating Expenses:Property Taxes: $4,500Insurance: $1,500Maintenance: $3,000Property Management Fees: $2,400Vacancy and Turnover Costs: $1,200Total Operating Expenses: $12,600 annuallyExpected ReturnRental Income:Assuming $2,000 per month, annual rental income = $24,000.Net Operating Income (NOI):Annual Rental Income: $24,000Minus Annual Operating Expenses: $12,600NOI: $11,400Debt Service:Mortgage Payment on Rental Property: $1,145 monthly, $13,740 annually.Total Debt Service: $13,740 (rental property) + $8,592 (equity loan) = $22,332 annually.Net Cash Flow:NOI: $11,400Minus Debt Service: $22,332Net Cash Flow: -$10,932 annually (negative cash flow initially due to high debt service).Cash-on-Cash ReturnInitial Cash Investment: $70,500Net Cash Flow (first year): -$10,932Cash-on-Cash Return: Not applicable initially due to negative cash flow.Long-Term Appreciation and AdjustmentsProperty Appreciation:Assuming a 3% annual appreciation, the property value could increase by $9,000 annually.Rent Increases:Assuming a 2% annual rent increase, rental income will rise, improving cash flow. 
Sergio P Ramos Can a seller legally avoid closing on a deal?
7 October 2024 | 16 replies
The property will only increase in value.
Jacob Edmond All Columbia, SC BP members
4 October 2024 | 27 replies
Originally posted by @Cameron Price:Originally posted by @Andy Holland:Yes this is true,Technically the tax rate goes from 4% to 6%.But in real life is is equal to an increase of around 3 times that of an owner occupant. 
Brett Jurgens Excited to Join
5 October 2024 | 12 replies
Hi - I'm excited to join BP to learn more about investment opportunities, trends in how to increase income on existing investment, and green / ESG improvements.
Andrew Syrios Getting Tenant Turnover Right Can Increase Your Income and Lower Costs Dramatically—H
30 September 2024 | 0 replies
Getting turnover right can both increase your income and reduce expenses.
Daisy Hawkins Do I run the risk of exposing my anonymity by transferring from personal name to LLC?
8 October 2024 | 36 replies
Or the other way around: the number of spam calls does not proportionally increase with your exposure.What helps the best is to actually answer the call.
Jacob Swihart Seeking Advice on Leasing Our Home and Moving to a Mobile Home
4 October 2024 | 10 replies
.), we estimate that we will be about to increase our savings from about $600 per month to about $2,000 per month.4.
James Harryton What do I do next
4 October 2024 | 12 replies
The investor must consider whether the potential property value increase or other benefits outweigh this loss.