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25 May 2024 | 26 replies
There are larger options but these tend to need some TLC.For your initial search, Zillow can give you an idea of home prices and amenities in your price range.
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23 May 2024 | 6 replies
In reference to the appointments, that was a typo, 38 appointments out of 529 contacts, so 7%, however as indicated in my initial post all of these are not actually qualified leads even though they were dispositioned as such.
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23 May 2024 | 11 replies
Hi Kevin,I did not initially because I had just purchased the home a few months ago, so I had no estimates on what the monthly / annual expenses would look like.
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22 May 2024 | 10 replies
.### Initial Calculations- **Initial investment:** You bought the house for $235,000.- **Sales price:** $315,000.- **Down payment received:** $100,000.### Loan Details (After Down Payment)- **Amount financed:** Sales price - down payment = $315,000 - $100,000 = $215,000.- **Monthly payment from buyer:** $1,394.49.- **Loan term:** 30 years (360 months).### Calculating Total Returns- **Total payments received over 30 years:** $1,394.49 x 360 = $501,816.40.- **Total amount received (including down payment):** $501,816.40 + $100,000 = $601,816.40.### Calculating ROI- **Total profit (not accounting for costs like maintenance, taxes, etc.):** Total amount received - initial investment = $601,816.40 - $235,000 = $366,816.40.- **ROI over 30 years:** ($366,816.40 / $235,000) x 100 = 156.09%.### Calculating Annualized ROI (CAGR)The formula for CAGR (Compound Annual Growth Rate) is:\[ CAGR = \left(\frac{Final\ Value}{Initial\ Value}\right)^{\frac{1}{Number\ of\ Years}} - 1 \]In your case:\[ CAGR = \left(\frac{\$601,816.40}{\$235,000}\right)^{\frac{1}{30}} - 1 \]Let's calculate this:\[ CAGR = \left(\frac{601816.40}{235000}\right)^{\frac{1}{30}} - 1 \]\[ CAGR = (2.56)^{\frac{1}{30}} - 1 \]\[ CAGR \approx 1.0303 - 1 \]\[ CAGR \approx 0.0303 \text{ or } 3.03\% \]This means your annualized return is about 3.03% each year over 30 years.
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22 May 2024 | 31 replies
Possibly riskier because the businesses are less established (of course I must do my proper due diligence.)With my long time horizon before I plan to use the money, it's possible that the higher rate of return for syndications would offset the initial higher tax hit.
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24 May 2024 | 36 replies
They make initial contact and you do the follow up.
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20 May 2024 | 11 replies
They have pleaded for an exception, but lying on application is clearly listed in lease as grounds for eviction/lease termination.
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23 May 2024 | 13 replies
Initial returns may be lower compared to flipping, but more stable.Considerations for Both Strategies: Market Research: Thoroughly research your target markets.
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22 May 2024 | 7 replies
If the home sales start to increase it would be around late 2025 so by early to mid 2026 that would be your window to refinance and pull out some equity.You would probably see the rental market increase by late 2024 as the initial plant managers and workers move to set up shop.
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21 May 2024 | 8 replies
It was 30% more than I initially estimated.