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27 January 2025 | 7 replies
. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
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5 February 2025 | 5 replies
It could be worth reaching out to some local brokers to ask them, as they may be able to better guide you.
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4 February 2025 | 7 replies
Based on my analysis, the ARV looks to be in the $720-740K range, and after running the numbers, I anticipate a profit of about $40K including all the junk fees and agent fees.A couple of things I’d love your input on:Do you think it’s worth getting another quote from a different GC?
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30 January 2025 | 4 replies
There's a lot on the landlord side that you'll want to get caught up on and it will take some time to get your systems right but I think it's worth it.
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26 January 2025 | 54 replies
Well-worth $15 used.
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21 January 2025 | 10 replies
If you're insuring a home to replacement cost, insurance companies don't care about appraisals or what the home is worth.
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24 January 2025 | 5 replies
The only way to know if your idea is worth doing from a wealth building standpoint is to do the math: What is the cost to acquire?
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25 January 2025 | 7 replies
Waste of time, huge room for error and zero reason for a customer to do this.....any Contractor worth his salt will have better pricing/quality/selection on the big stuff and will have guys on his crew that can do those dreaded 'parts runs' for the little stuff.
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26 January 2025 | 6 replies
If they are asking for short sale that means property is worth less than is owed.
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25 January 2025 | 6 replies
Is it worth investing there?