Candy Kimbro
How to get a second place for my college age kids!
5 December 2024 | 4 replies
It has approximately $200,000 in equity and currently cash flows about $1500/mo ( we split this cash flow and equity 50/50 with my mother that is my business partner).We have 3 kids and the oldest is about to go to UTK for college.
Denny Knapp
How do i know how much the rehab will cost?
7 December 2024 | 14 replies
Until you learn to estimate yourself, based on your local costs, any estimate will probably be off.
Harrison Jones
Building a Long-Term Affordable Housing Strategy
31 December 2024 | 20 replies
Here’s how I see this unfolding:Building the Foundation: Acquiring ~50 UnitsI’m starting with a goal to purchase approximately 50 units in my local market, with the help of equity partners.
Mike Sfera
Right Down Payment Amount??
10 December 2024 | 14 replies
Question is, if I have the means to put a high enough down payment on a house to be cash flow positive (assuming my expense estimates are accurate, etc.) is that something that I should do?
Hector Espinosa
Seller Financing Advantages and Disadvantages
10 December 2024 | 5 replies
Quote from @Hector Espinosa: Hi,I'm negotiating a seller financing deal which may be my first one and would like to ask for some advise about and what are advantages and disadvantages about seller financing deals.These are the seller financing terms:House Price: $330,000.00 USD (Sellers still owe ~$301,000 USD)Down Payment: 5% = $16,500 USDLoan Amount: $313, 500 (Monthly payments will be amortized as a 30 years loan)Interest Rate: 4.531%Balloon Loan Term: 5 YearsMonthly Payment (P&I): $1,594.24Closing Costs: ~$3300 Zip Code: 74105Observations: * HVAC requires an update but pending to inspection (replacing with a new one will cost ~$10,000 - $15,000 USD ) * Expected Rent Income: $2,000- $2,300 but this is has been really complicated to get a good estimate because is all over the place in the different sites I have checked
Bao Vu
Question regarding Tax on a Flip
12 December 2024 | 10 replies
After all expenses accounted for, my Quickbooks is showing an estimated Tax bill of $93K.
Matt Stull
Buying a STR in Red River Gorge
11 December 2024 | 8 replies
This indicates a strong market for short-term rentals.Revenue: The average revenue per available rental in Red River Gorge can be estimated using tools like AirDNA.
Daniel Boucher
Triplex purchase, current tenant paying below market rent
12 December 2024 | 4 replies
What do you estimate is the difference between the market rent (or what other tenants pay) and what she pays?
Max Nathan
How do I secure lending on down payment / construction costs
17 December 2024 | 7 replies
We typically estimate standard costs for these items but get them done much cheaper with our own crew.
Christine Aledam
Time to find a new Accountant?
3 December 2024 | 21 replies
By "business account," I’m referring to setting up an LLC as well as a business bank account.My goal is to expand my real estate portfolio by acquiring approximately two properties per year.