David Smiley
[Calc Review] Help me analyze this deal
9 May 2019 | 6 replies
Extract your capital and do a 1031 exchange into a MFR that can generate better returns.Some notes about your analysis:Since you already own the property you'll be able to refi pretty quickly, but in a typical BRRRR you should expect at least a 6-month seasoning period before a lender will refi based on a new appraisal.You're missing the following expenses:CapEx, should be around 15% when combined w/ RepairsManagement (10%) always include this even if you plan to self-manage at firstVacancy (8%)These additional expenses make you cash flow negative, even at 60% LTV, which is why I recommend selling this property.
Daniel Stubbs
To Sell or Not to Sell
2 May 2019 | 2 replies
Rates are low and you have solid equity to extract so now would be a good time.
Joseph M.
Hello from Omaha, NE
25 November 2015 | 7 replies
Really, I'm looking for a way to extract and build upon the equity I already have in real estate.
Christian Benitez
Where did you get your money to start investment
14 April 2016 | 61 replies
In addition to using all of my immediate savings (which was not much at the time), I got a HELOC to extract every last drop of equity from my primary residence, borrowed the max from my 401K, borrowed the max against cash value of life insurance, obtained a "emergency" salary advance from my job, and maxed-out my credit cards.
Steve Rozenberg
Which is Better? A Smart Phone or Professional Camera to Take Pic
25 November 2015 | 10 replies
But then I have to pick through 4200 grandchild pics on the SD to extract a couple of our recent rehab!!!
Alex Chen
What's the best way to structure asset protection in California?
24 December 2015 | 11 replies
You put your properties in, but extract cash regularly for your personal expenses.
Tony Velez
50% rule
2 January 2016 | 60 replies
Cap rates are extracted from closed sales and identify what a NOI (for a one year period) sold for expressed in a percentage.4.
Joshua Greenwald
My First Invest! Want 2nd Opinions! Creative Lease w/Option, CT
28 September 2015 | 10 replies
Should I try to extract any further provisions?
Elyse Inukai-Kaska
California Real Estate Investor and Agent
30 September 2015 | 7 replies
I'm a Licensed Realtor in the Los Angeles region who analyzes and extracts Bulk data from MLS and private listings to determine the best Cash Flow, Rehab, and high ROI properties currently on the market.Looking to create a team of like-minded people interested in sharing the knowledge, experience, and wealth that Real Estate Investing offers.
Michael S.
How to compete with cash buyers?
30 September 2015 | 16 replies
I do have a couple of recommendations for you though; Ask the listing agent ' Is there anything aside from price that the seller would prefer to have in an offer,' such as Specific closing date, or a lease back so that they may find a replacement property, etc....I have found this to be a very effective way to extract some of the seller motivation.