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26 May 2024 | 102 replies
Will this capital injection reward you relative to your initial investment?
27 May 2024 | 14 replies
Those two together create equity.Here's what I want you to understand about “buy and hold” residential real estate:Let’s use a single family home with a property value of $300,000Let’s use an initial loan amount of $240,000Let’s use an interest rate of 7.25%And I’m going to give you $150 of cash flow per monthUse a 5% appreciation amount for your property per yearLet’s see what happens after 5 years:After 5 years…$150 of cash flow per month = $9,000Your mortgage has been paid down to $227,000 = $13,000Your property is now worth $382,000 = $82,000So that’s $9,000 of cash flow, $13,000 of principle buy down, and $82,000 of appreciation.
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25 May 2024 | 0 replies
View ReportI found this property and doing some initial analysis.
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26 May 2024 | 3 replies
I tell them who I am, how and where they can pay rent, how they can communicate with me (ordinary vs. emergency), and that I need to perform an initial inspection of the property within one week.
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26 May 2024 | 12 replies
When everything was finished, I made just over $2k.My second Project's anticipated profit is around $30k (I followed the "rules" on this property), compared to an initially projected profit of $35k.We just started my third project.
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31 May 2024 | 187 replies
I own a mix of long- and short-term rentals, but I initially started out with long-term.
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27 May 2024 | 18 replies
In my experience, there are a lot of houses in Pittsburgh that need TLC and the initial closing cost are appealing, but a lot of those projects end up needing a huge cost in renovations and then once it goes back on the market, you're unable to get the value you need to make the profit you want.
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31 May 2024 | 149 replies
As a result we can expect legislative initiatives in the future that place curbs regardless of legitimacy of any individual transaction.
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25 May 2024 | 3 replies
I would have the tenant initiate the update through their case worker.
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25 May 2024 | 14 replies
I was initially looking to buy a lot in Northern IL, and my agent alerted me that there have been some scams where people are posing as the owners of lots that they do not truly own, and then somehow potential buyer gets taken for the EMD.