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15 February 2025 | 10 replies
Because this is your first rental property, I would recommend finding an amazing PM company and paying them what they are worth.
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21 February 2025 | 12 replies
Undercharging could mean you end up paying out of pocket or getting a lower-quality clean, which isn’t worth the risk when reviews depend on it.
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19 February 2025 | 9 replies
I know we can start with DSCR and refinance, but then you're paying closing/origination costs twice.
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18 February 2025 | 1 reply
@Marquez Cadet Haven't used one in a while, but I am currently seeking bird dogs in Eastern PA, DE, NJ and Northern MD and am willing to pay $1000 per closed lead (paid when I close on buying the property).
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18 February 2025 | 11 replies
Now some other investors may believe they can boost your revenue quite a bit but they don't want to pay for that projected boost.
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15 January 2025 | 39 replies
For 95-99% of folks, right now nothing is happening.
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13 February 2025 | 5 replies
Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details:After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.
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20 February 2025 | 13 replies
Then pay down a few current mortgages that are at 8%.
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18 February 2025 | 95 replies
Folks, it really is a simple listing of how any hours you put in and what date.
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20 February 2025 | 3 replies
The fastest legal way is likely to pay them to leave (only pay after they are out and if they left it in good condition).