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6 February 2025 | 11 replies
And more than 600,000 residents are projected to move to the county in the next 25 years — raising the total to 1.7 million by 2050.Along with Mecklenburg, approximately 79% of the growth in the Charlotte region is expected to occur in the counties of York, S.C., (312,810 to 481,714 people), Union (269,572 to 481,612), and Iredell (212,583 to 335,056 ).A historic jumpIn the last 25 years, more than 962,000 people moved to the Charlotte region.
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31 January 2025 | 6 replies
It's simple enough to make a row for income, and another for expenses, and then subdivide those expenses, and add them up in the total expenses cell and then subtract the gross income from those total expenses to get my net.
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31 January 2025 | 1 reply
The property investment in total is estimated to be 105K with $1600 per month cash flow when complete.
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27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - 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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12 February 2025 | 8 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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10 February 2025 | 9 replies
Am I staring right at it and totally missing it?
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8 February 2025 | 34 replies
Just 40 guests, it would be a total circus.
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21 February 2025 | 182 replies
I signed a cancelation contract in February 2023 for the 5 properties I put deposits down, totaling $224,000 in April of 2022.