Ryan Thomson
House Hacking: What to Look for and How to Calculate ROI
9 October 2024 | 2 replies
The inputs for the image in this screenshot are as follows:500k purchase price duplex.Rent each side for 2k/month (this is after you move out)5% down paymentClosing costs: 7k6.4% interest rateInsurance: $250/monthUtilities (paid by owner): $400/monthVacancy budgeting: 5% of monthly rentMaintenance budgeting: 8% of monthly rentCapEx budgeting: 7% of monthly rentEven though you are negative $312/month after budgeting for future expenses, your net worth ROI is massively positive.
Grayson Grzybowski
A better understanding for using Hard and Private lenders
11 October 2024 | 11 replies
Yes Grayson,Cashflow is hard to come by now.You shouldn't be looking at real estate to get rich tomorrow or gain massive amounts of capital now.But as you own the property for years the rents will increase, the asset price will rise, and your loan balance will go down.
Max Bellino
Anderson Business Advisers Asset Protection
15 October 2024 | 26 replies
This holistic approach to portfolio management can yield massive advantages in terms of efficiency and financial leverage.Furthermore, the liability shield provided by this structure could prove extremely advantageous.
Morgan Bergoon
Experience with TurboTenant?
7 October 2024 | 11 replies
I use turbo tenant on my rental because I like the buffet style business model.
Jonathan Bock
Do investors know what their tax rate is?
10 October 2024 | 23 replies
what do you mean my 10 LLC's won't provide massive tax savings
Austin Wolff
Is building new always better than buying?
9 October 2024 | 17 replies
If you bought an existing home and it had a massive problem your inspector didn't catch, your deal could go under.Am I wrong to think about it this way?
Pranav Parikh
Insurance coverage in disaster zone - asheville/swannanoa/black mountain
8 October 2024 | 6 replies
I also don't know if there is damage to the roof until I clear away the massive tree.
Gagandeep Singh
Is there any market that still meets the 1% rule?
8 October 2024 | 36 replies
I live in California but i am familiar with the area since i started my career there.That's a massively loaded question with no short/easy answer.
Chida Truong
Pace Morby Mentorship
14 October 2024 | 420 replies
It is a massive community with PMLs and like minded folks who are doing deals together.
Frankie Paterno
What areas are currently cashflowing
12 October 2024 | 25 replies
I like Columbus because of the city's massive growth, but other markets like Cleveland will be a little more cash-flow heavy.