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22 January 2025 | 14 replies
We are proud to offer a wide range of loan options at competitive rates.
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23 January 2025 | 8 replies
What occupancy percentage and turnover cost did you factor in?
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20 January 2025 | 6 replies
And do you have a certain price range in mind and I assume you're good with up to a moderate level of rehab?
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1 February 2025 | 16 replies
Meanwhile, the sellers who are most likely to offer creative financing are normally the owners of real estate that have issues.....condition.....low barrier/over supply market......or perhaps pricing issue, and one of these factors is why its not marketable in a arms length transaction and why creative financing would be accepted.
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9 January 2025 | 9 replies
Rates will range from Prime (currently at 7.5%) to Prime + 4% (11.5%).
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12 February 2025 | 11 replies
The other factor that's relevant for me is that my husband is a high end W-2 wage earner and we could greatly benefit from the potential tax benefits of actively managing the property.
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12 February 2025 | 13 replies
Cash flow is defined as the money left over after paying for all expenses, including setting aside a certain amount to cover projected expenses like maintenance, vacancies, or capital expenditures.EXAMPLE:Property Price: $250,000Down Payment (25%): $62,500Loan Amount: $187,500Interest Rate: 6.5%Loan Term: 30 yearsMonthly Mortgage Payment: $1,185Monthly ExpensesMortgage Payment: $1,185Property Taxes: $250Insurance: $100Maintenance (10% of rent): $250Vacancy and CapEx (20% of rent): $500Rental IncomeMonthly Rent: $2,500Total Expenses: $2,285Cash FlowNet Cash Flow: $215 per month 💰However, there are many other factors to consider.
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18 January 2025 | 9 replies
@Jaycee Greene Price range probably up to 350k ish
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21 January 2025 | 10 replies
In areas like Dallas or Fort Worth, I’ve seen professional cleaning range from $300–$600, especially when dealing with pet-related cleaning like removing cat hair from carpets.
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9 February 2025 | 173 replies
Know the major risk factors for the type of opportunity you are pursuing, and the minor ones.