Andrew Rodriguez
My Involvement in Fixer Upper
13 January 2025 | 9 replies
How could I force her to sell.
Jesse Simmons
Creative financing options for distressed property
1 February 2025 | 1 reply
Seems like they aren't in a hurry to sell if it's been on the market that long and they have raised the price.
Diana Teng
Should I Buy My First Rental Property Out-of-State If I'm Unable to Scout the Area?
2 February 2025 | 55 replies
Not agents trying to sell you something.
Blaise Bevilacqua
First deal (thoughts?)
27 January 2025 | 3 replies
Additionally, I would suggest you run some financial calculations such as cash on cash return as well as any appreciation from the asset if/when you sell.
Michael James Hamlin
Looking to network/partner up.
27 January 2025 | 6 replies
I almost exclusively work with investors and business owners in buying and selling in Baldwin County.
Jason Burkart
Gift money for family or buy a rental for family?
27 January 2025 | 9 replies
If you do place the property in her name, then inherit it later, it does allow for you to receive a step up in basis at that point, allowing you to sell the house shortly after her death without paying capital gains tax.5.
Jeffrey Bourque
Found a Deal but Not Sure
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.
Lorraine Hadden
Is There Such A Thing As Too Much Curb Appeal?
18 January 2025 | 4 replies
It would be like if someone prepared to sell by painting to create fresh visual interest, but chose fuscia and lime green...those colors would certainly catch the eye but I'd never claim that they overdid the curb appeal by painting with too much visual interest.
Roxanne Whitaker
MD Tax Law on Out of State Investment Owners
15 January 2025 | 1 reply
Quote from @Roxanne Whitaker: Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement.
Eli Edwards
Course feedback or insight from Vetted Homes
19 January 2025 | 7 replies
This.Also, if you were the tier 1 worker bee at a relocation company who wants to get a family housed, happy and as quickly as possible, would you accept the word of a guy who sells a course to new-to-MTR investors that "here is Eli; please send him all of your business.