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19 January 2025 | 18 replies
Since it’s a new build, I was able to negotiate some great perks, like a 5.875% interest rate, no closing costs, a fridge, blinds, and even a backyard firepit.Pros:Good school districtLow interest rateMinimal CapEx and repairs (because it’s a new build)Low insuranceHigh-quality tenants (due to the school district and being a new build)Cons:Lots of new builds in the area, which could drive down prices and increase vacanciesThe Numbers:Price: $290KInterest Rate: 5.875%Down Payment: 25%Monthly Mortgage + Insurance + Taxes + HOA: $1,480 (I got really low insurance since it’s a new build and Alabama’s property taxes are low)Property Management: 10%Rent: $1,800 (this is under market because I wanted to rent it quickly—most units in the area were sitting vacant for 100+ days.
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3 January 2025 | 12 replies
If appreciation is not there, however, it seems like a potentially long waiting game to see if your $60k investment today returns anything meaningful in the long run.
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14 January 2025 | 23 replies
Driving a car is legal, as long as you follow the rules.
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10 January 2025 | 1 reply
A realtor who understands the numbers can help analyze the property’s projected cash flow and ROI, plus they might know local leads from probate attorneys or even “drive for dollars” efforts that can reveal off market gems.
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2 January 2025 | 0 replies
Investment Info:
Condo private money loan investment.
Purchase price: $640,000
Cash invested: $640,000
Investing in Condo properties in Broward County, FL
What made you interested in investi...
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21 February 2025 | 182 replies
You are related to them but can not facilitate a meaningful call or email communication with Werner Mercado for your investors?
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13 January 2025 | 7 replies
Out of state investing in cities within a reasonable driving distance may be a good option.
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9 January 2025 | 3 replies
figuring that if I track and work towards creating and "presenting" 250 specific deals to my clients.My Theory being: Tracking "deals presented" will pull forward the need to go search and find deals, and will also drive the deals closed and revenue numbers, so we shall see but logics out to me so I'm liking it so far.
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18 January 2025 | 8 replies
Report it to the credit bureau as a loss - and they won't be driving a new car, getting a new phone, renting/buying home until they settle with you.
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17 January 2025 | 12 replies
This in itself drives off about 10% of the potential candidates.