Robert Stephenson
Older Investor needing help getting a Second property
21 January 2025 | 13 replies
Start by talking to your bank.
Rene Hosman
What is your preferred way to collect rent?
28 December 2024 | 12 replies
Each multifamily building I have has its own bank account.
Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
Seller is the Agent.Seller bought property in January of 2023 for $730,000Current “As Is” Value : $770,000Target Acquisition Price: $730,000-$780,000 After Repaired Value: $900,000Repair Estimate: $120,000Initial Offer Amount: $715,000Loan Program: Bank Statement Program.Total Estimated Monthly Payments (Principal, Interest, Taxes, and Insurance) $5500/month (based on $770k purchase price)Estimated Gross Yearly Income from Short Term Rental: $160,000 (65% Occupancy, $700 a night| (STR Listing Comparable properties Listing 1 Listing 2 Listing 3)Net Monthly Income after management and taxes: $11,751.25Net Monthly Income after Mortgage Payments: $6251.25 ($75,015) Per YearTotal Cash Investment: $297,000 ($177,000 in down payment and closing costs and $120,000 in repairs)Average Yearly Return on Investment: 25% yearlyAverage increase in property value per year: 5%Average increase in booking revenue per year 7.5%Property Value average after 10 years: $1.5 millionTotal Cash received over 10 years: $1.3 million.Total Equity multiple min over 10 years: 6x total return on $297,000 invested.
David Cherkowsky
Loan Option Advice for House Hack in Alexandria VA
5 January 2025 | 17 replies
Overall, you're spending $25k in extra costs and a monthly pmt that's $500 higher to keep $50k in your bank account.
Ryan Goff
Grocapitus - Anyone have experience with them?
11 January 2025 | 168 replies
The attached snapshot tells the whole story, and the pictures of the near-complete project.
Trevor H.
How to Appeal Property Tax Increase
8 January 2025 | 6 replies
Not easy to do with bank financing.
Ryan Daniel
When to transfer title to LLC
7 January 2025 | 3 replies
My attorney told me in 30 yrs he has never seen bank enact due on sale clause but he has seen multiple landlords get sued without LLC protection.
Anil Shah
Using Agent Commission towards down payment for my own Investment Property
22 January 2025 | 8 replies
Now that we are 10 days from closing, I am talking to loan officer to get the Closing Disclosure so that I can know the exact cash to close (I need to move money from brokerage to bank account) and he is mentioning about 2% IPC limit.
Sabian Ripplinger
should i use hard money to grow quicker
23 January 2025 | 7 replies
Best bet though is a local community business bank..
Daniel Medellin
Buying 1 acre and dividing it into multiple lots for long term rentals
4 January 2025 | 4 replies
@Daniel Medellin Regarding your question, it would depend on the lender or bank you're working with if you want to go that route in the future.