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23 January 2025 | 45 replies
Like others have said, you need to find alternative lead sources to find a decent deal.
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14 January 2025 | 2 replies
However, seeing as though I have already sourced the deal myself, would it still be in my best interest to use a realtor for this transaction if it works out?
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29 January 2025 | 12 replies
Once you get that ironed out, connect with some local investor focused realtors who also invest themselves who can help source deals for you to look at.
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24 January 2025 | 17 replies
Without the high leverage you reduce the top source of return in CA RE which is achieve via the appreciation on a high leverage property.
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12 January 2025 | 12 replies
I recommend researching the average appreciation over the past 10 years in your target area to get a clearer picture.As you know, in real estate, ROI comes from multiple sources: Home Appreciation: Reno Appreciation: Value added through renovations or improvements (usually just in the first year).
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1 January 2025 | 6 replies
I would also send the tenant information about food pantries etc in the area.
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9 January 2025 | 2 replies
My favorite source is Navy Federal for its long draw period of 20 years, and Figure for its fast funding.
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11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
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3 February 2025 | 79 replies
I believe it will be enlightening and will provide some clarity to my post.By the way I am retired on RE investing (actually i have made enough money in 3 different sources for most people to retire on any one of them).
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16 January 2025 | 11 replies
The appeal of having a second source of income is very appealing and I would like to be able to build wealth outside of my W2 job.