Harrison Jones
Building a Long-Term Affordable Housing Strategy
31 December 2024 | 20 replies
You are trying to say you will use the " investors" to fund community programs, that sounds like a charity because there is no earning on the investment.
Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.
Desiree Rejeili
What To Save for When Buying a Home
9 January 2025 | 0 replies
If you don’t have a large down payment saved up, don’t worry—there are plenty of options available . . .”A trusted lender will go over the various loan types with you, any down payment requirements on those, and down payment assistance programs you may qualify for.
Tenzapa Wakombe
"It is easy to doubt everything when you know nothing" Intro Post
24 January 2025 | 12 replies
Unfortunately the photo did come through with Ja and Desmond...i'm sure that was a fun experience.Have you heard of the REDI program sponsored by ULI, the Urban Land Institute?
Leah Miller
Bank Won't Close Due to FEMA Disaster Designation
29 January 2025 | 24 replies
Additionally, Fannie Mae and Freddie Mac will sometimes temporarily suspend the income cap on their HomeReady and HomePossible programs, which allow purchases with 3% down.
David Young
Questions From a first time Investor
29 January 2025 | 12 replies
Its extremely important to know your numbers upfront from approved sale price, Maximum or Minimum downpayments, programs, costs, and seller credits.
Robert Lindsley
Tenant with two pitbulls
6 January 2025 | 25 replies
dogsbite.org is a propagandist site created by a web designer who was bitten by a dog.
Don Konipol
Why Most Real Estate Investors Can’t Scale Their Investments or Their Business.
4 January 2025 | 14 replies
My friend spent $81,000 on marketing and told me he could not trace one sale to a lead generated by the program and that the program generated almost no leads anyway.
Kyle Deboer
Raising Down Payment Money
29 January 2025 | 25 replies
Maybe look into a down payment assistance program for a first time homebuyer and house hack.
Rich O'Brien
I’m losing a house to unpaid property taxes. Need help
29 January 2025 | 19 replies
Explain your situation and see if there are payment plans or hardship programs available.The BiggerPockets forums have threads on tax liens and foreclosure prevention: https://www.biggerpockets.com/forums/41/topics/766025-surplus-funds-unpaid-taxes-in-foreclosure-saleAn experienced real estate attorney can advise you on your legal rights and explore potential solutions.Have you spoken with your local tax authority yet?