Robert Quiroz
Resources when starting out
13 September 2024 | 4 replies
I have read through Michael Blank's Financial Freedom with Real Estate Investing and am ready to go on to next steps.
Caleb Raymaker
Bay City, MI: Hidden Gem for Real Estate Investors? Let's Crunch the Numbers!
12 September 2024 | 6 replies
Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.
David Segatti
Chicago REIA, Andrew Holmes
16 September 2024 | 28 replies
I am 100% confident that I will achieve financial freedom.
Prajesh Kumar
New here, Time to Learn and Hopefully Invest!
12 September 2024 | 2 replies
You want to fine tune what the answer to this is because too many people start thinking the road to financial and time freedom is a lot shorter than it is.Find some local real estate investor meetups and talk to other investors and learn about their path while you find yours.
Michael Aguirre
MTR Process from Inquiry to Lease Signing Process
12 September 2024 | 25 replies
Furnished Finder is where we list our MTRs, and a majority of our tenants are traveling healthcare professionals.
Samantha Hogue
Late start Okie eager to learn, connect and start investing!
12 September 2024 | 6 replies
That's what is great about real estate, the opportunity for FREEDOM in time and lifestyle choices.
Marc Brandon
Unbelievable Florida security deposit claim lawsuit!!!
18 September 2024 | 47 replies
This is clearly a shakedown, and while I'm not a lawyer and wouldn't know what law it violates, it certainly must violate one or more laws to purposefully conceal what the correct address is in an attempt to have the LL violate housing laws, and thus profit from it.I would request a freedom of information act request, and ask for all documents related to the previous 80 cases, as there are bound to be common themes, such as "attorney claiming to have sent a letter", but all 80 landlords mysteriously never got a letter.
Payvand Milani
Hi everyone :)
13 September 2024 | 23 replies
Welcome to the platform and happy to see another healthcare provider here :) I am based in San Jose.
Adam Fiscal
Investor/STR Owner/Manager in Lubbock, Texas
9 September 2024 | 3 replies
When I separated late in 2022, I knew real estate was the path for freedom and have since added the last 2 Airbnbs in Lubbock.
Anthony Prilo
How to refinance property out of residential loan into LLC
11 September 2024 | 8 replies
One issue is the challenge of qualifying, as conventional loans will have DTI requirements, income requirements, loan size limits, and loan amount limits that investors looking to scale a portfolio run into as soon as the financial freedom snowball starts rolling.