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22 January 2025 | 1 reply
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.
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15 January 2025 | 39 replies
The additional cash you have due to leverage put into more hard assets and the cash flow generated put into fixed income/equities after reserves.
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28 January 2025 | 1 reply
Im worried though that providing a such a thing would lead to hurried or sloppy work.
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22 January 2025 | 5 replies
You may want to read up on wholesaling as a way to generate some capital.
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3 February 2025 | 8 replies
If you use the unapproved documents terminating the lease and it leads to an eviction, you'd be wasting your time having to redo the process again.
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8 January 2025 | 5 replies
Hello, I am new to real estate and looking to get into it and out of renting and starting to work on building that generational wealth.
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13 January 2025 | 17 replies
If the proforma has the rent roll at $1400 a month, there is a discrepancy that could lead you into a bad assumption on your business plan.Also one caveat, be aware of physical delineations around the area like bridges or railroad tracks or a canal.
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20 January 2025 | 7 replies
CRM: What’s the best CRM for managing leads and clients?
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2 February 2025 | 10 replies
I live in Dubai and I also invested a bit in the US over the past few yearsBut I was interested to continue investing in Dubai , maybe at least get a few rental properties to generate some cash flow.i would be interested to discuss with anyone who has similar interest or who has been successful in this ?
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22 January 2025 | 3 replies
Rentals generate passive income, so an S-Corp offers no added tax benefit.