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Results (10,000+)
Carlos Rodrigues Purchasing a property with illegal bathroom
31 December 2024 | 8 replies
Instead, shut off the water to the toilet and place a sign on the door "Art exhibit: Non-functioning bathroom."
William Reed-Harnish LTR with pool
28 December 2024 | 1 reply
The pool needs a new liner, and I do not know if the pumps work because there is no water in the pool.
Lei Wei Investing in Hawaii
7 January 2025 | 13 replies
- Do you want an ocean view, or is proximity to the water or to resort amenities like fine dining or shops most important?
Mike Sfera When to get a property manager
16 January 2025 | 26 replies
You should look for an "investor-friendly" PM company that knows how it is just dipping your toe into the water of buying a home/condo/townhome.. 
Brian Stinson Insurance deductibles for SFR
6 January 2025 | 5 replies
From what I've seen, the days of the $1,000 and $2,500 deductibles for fire, lightening, water damage (not flood), etc. are becoming harder and harder to find. 
Bryce Jamison Do you buy older homes for long term rentals?
20 January 2025 | 32 replies
If you have a older home that has never shown signs of foundational issues, and it has a new(er) roof, electric, plumbing, HVAC, hot water heater, etc.
Jennifer Fernéz Help with this deal!
18 January 2025 | 10 replies
@Jennifer Fernéz I run sum numbers for you with our tool, see comments and pics below before refinancing and post refinancing .Financial Breakdown: Purchase Price: $200,000 Mortgage (LTV 80%): $160,000 Interest Rate: 6% (30-Year Amortization) Mortgage Monthly Payment: $959Upfront Costs: Down Payment (20%): $40,000 Closing Costs (3.5%): $7,000 Renovation Costs: $15,000 1 Month of Carrying Costs During Renovation: $1,548Total Upfront Required: $63,548Year One Rent: Monthly Rent Income: $2,000 1 Month Rent Losses during renovations (-$2,000): -$167/month distributed over 12 months Total Rent Income: $22,000 per year => $ 1,833 per monthMonthly Expenses: Mortgage Payment: $959 Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $275 per month Assuming 5% Vacancy: $92 Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $1,676Monthly Net Cash Flow: $157Post-Renovation Refinancing Strategy after 12 months:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate a portion of your initial investment into a mortgage.
Rene Hosman What do you consider a "good" cash flow for a property in 2024?
7 January 2025 | 22 replies
This is calculated after accounting for all expenses, including taxes, insurance, utilities (water, sewer, garbage, electric, gas), and an allowance for maintenance costs (typically 5% of gross rent, adjustable based on the building's condition), as well as management fees.I invest in the Binghamton, NY area both as an investor and as a realtor.
Michael Kussin Subdividing Land near Denver
31 December 2024 | 4 replies
Fire hydrants, sewer, water, road access, electric, flood way or plain, storm pond, storm sewer, setbacks, fencing, soil compaction, lot sizes, etc.3.  
Account Closed Due On Sale Being Called!!
13 January 2025 | 41 replies
A law degree does not mean you know anything re wraps.If worse comes to worse, you can stop the foreclosure with legal action - it costs some but you will not lose your equity.I would not throw the baby out with the bath water re doing wraps and I do hope all works out for you.Reach out if you need a referral to a good AZ attorney to helpBe careful out there guysAlan Not to be too blunt, but you are handing bullets to a six year old with a gun.