
12 January 2025 | 25 replies
Class C transitioning to Class B: more renovated homes, higher income tenants and homeowners moving in, nice cafes, shops, restaurants, coffee shops opening up.An extreme example of Class C to B is in San Francisco - when I was a kid, what was not a safe neighborhood and had lower income people, is now in high demand and tech workers making $200,000+ are living there and people walking around at night going to restaurants and shop.

3 January 2025 | 42 replies
Ivan had a big town hall meeting where investors were invited to Indy to a live presentation..

23 December 2024 | 34 replies
Its a rule of thumb SHORTCUT we use to make DECISIONS every day of our lives!

24 December 2024 | 44 replies
AlabamaAlabama residents enjoy a low cost of living and a thriving economy.

31 December 2024 | 6 replies
If you are looking in the area where you live, stop by areas under construction and you can ask.

31 December 2024 | 0 replies
This is an alternative approach for newly constructed buildings.RESIDUAL ESTIMATION APPROACHThis approach determines the cost of short-lived assets, such as 5 or 7 year property and subtracts them from the total project cost.

28 December 2024 | 1 reply
Recoup those expenses, my friend.

26 December 2024 | 21 replies
Might be more expensive since you would pay a broker fee, but it's worthwhile to save yourself from scams.

29 December 2024 | 4 replies
Rough calculations on what I need to be looking for:90k deal (purchase and renovations to get max rent)20% down = 18k from me80% bank loan at 8%, 20 yr amortization = 72k-------------------------------------------------- Here's my DSCR calculation:Calculate Net Operating Income (NOI):Monthly rent: $125040% expense ratio (taxes, insurance, repairs, vacancy) = $480NOI: $1250 - $500 = $750Calculate Monthly Mortgage Payment:Loan Amount: $75,000Interest Rate: 8% per year (0.08/12 = 0.006667 monthly)Loan Term: 20 years (20 * 12 = 240 months)Monthly Payment ≈ $627.83Calculate DSCR:DSCR = NOI / Monthly Mortgage PaymentDSCR = $750 / $627.83DSCR ≈ 1.20Therefore, with a $75,000 mortgage at 8% interest over 20 years, the DSCR is approximately 1.20
16 December 2024 | 8 replies
I currently live in a single-family primary residence.