Kenneth Arafat
1% Rule Questions
16 January 2025 | 2 replies
Look at all of the costs and then all of the revenue and make a decision based on that.
Tayvion Payton
Would You Pay an 18% Premium for Seller Financing at 2%?
13 January 2025 | 2 replies
On the surface, the deal seems appealing, but there's a catch: the asking price is $475,000, which is about 18% over the market value (based on comps and DealCheck estimates around $402,000).Details of the DealProperty: Duplex, 2,400 sq. ft., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
Veronique Leroy
ISO 10+ residential units
30 January 2025 | 10 replies
And I'd argue the average rents can be increased nearly 30% based on the current FMRs in the zip code.
Paulette Midgette
A Contractor I Would Not Recommend
17 January 2025 | 12 replies
The company is based out of Sicklerville, NJ but also works in Philadelphia, where he was born and raised.
Omar Santander
New Investor (local and long-distance)
25 January 2025 | 10 replies
To start your journey, I recommend focusing on building your network by joining meetups and engaging in online forums, while narrowing down your first investment based on your budget, market, and goals.
Kenneth T.
Had anyone heard of Cogo Capital?
27 January 2025 | 29 replies
My name is Sonya Waites and if you have questions, I don’t mind answering them based on my own personal experience.
Zach Langley
New realtor/realtor investor
14 January 2025 | 2 replies
My name is Zach Langley, and I’m a licensed realtor based in Dallas, TX.
Dave Allen
If you magically had 100,000 to invest...
15 January 2025 | 24 replies
Look at median household incomes, look at market economy base and diversification, look at what's being done to protect and grow economic performance, just run the #'s and the message should be crystal clear.
Don M.
First time with new construction: Cape Coral, FL
20 January 2025 | 204 replies
They generally have out of college/construction unseasoned folks doing the paper permit reviews from what I've seen based on the comments that come back.
Polat Caglayan
Detroit or Cleveland?
17 January 2025 | 27 replies
@Elias Halvorson the poster actually lives in another country.The pinned Cleveland, OH reference is just what they entered based upon this post:)