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6 February 2025 | 8 replies
One book I highly recommend is “Buy It, Rent It, Profit” by Bryan Chavis—it’s a great read for investors looking to build long-term wealth.Best of luck with your real estate journey!
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6 February 2025 | 9 replies
So maybe this simply won't work.
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30 January 2025 | 6 replies
Equity Partner (Joint Venture): You find & manage the flip, they fund it—split profits 50/50.
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22 January 2025 | 1 reply
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.
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1 February 2025 | 6 replies
Most places in Ohio can be profitable rentals... if you can stomach those property taxes!
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3 February 2025 | 37 replies
And I am betting the headaches is why seller is so motivated and is flashing that $ and hyping it up like it's so profitable, yeah come on do it, it's so great..... it's so great they are chomping at the bit to get out from under it.
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4 February 2025 | 9 replies
I don't think that simply having an LLC would protect you from that Bubba the roofer.
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18 January 2025 | 4 replies
The term curb appeal is simply referring to the home's exterior being appealing, which doesn't have anything to do with plants or pots or items directly.
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14 January 2025 | 2 replies
Client rents that house and makes 1k monthly profit, plus has a really good paying job.
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18 January 2025 | 5 replies
It outlines profit and losses from rental real estate.