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4 February 2025 | 6 replies
But I understand where I’m at now, and am willing to work for free until I can provide such value.A little about me.
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15 January 2025 | 13 replies
What about Debit Cards attached to a checking account?
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28 January 2025 | 7 replies
You'll need to have 10% thru the sale account by 5pm the day of the win, and will have to pay the remainder within 15 days of the win.
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20 January 2025 | 7 replies
It is important to take into account the future of your investment.
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5 February 2025 | 1 reply
I do well, at least enough to go on vacations as a family, put money into high yield savings accounts, max out the ROTHs and add to investments when I can with money saved in savings and checking accounts.
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12 February 2025 | 0 replies
Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details: After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.
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5 February 2025 | 5 replies
I just had to take extra money out of my personal account and funnel into my rental account.
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11 February 2025 | 11 replies
Sure, because when you take rent payments out of the equation you can focus on the tenant landlord relationship and providing the best experience for the tenant.All the best!
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21 January 2025 | 20 replies
It will ultimately depend on price point and what level of service you want to provide.
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30 January 2025 | 3 replies
That's great that he travels so much but ask him to provide where he rented and where he slept during that time.