Erik Sanders
Mentorship groups/investment clubs for beginners
22 January 2025 | 2 replies
That style of learning and introduction to true industry catches my attention as having someone in the space that understands the space to bounce things off of and learn from seems to be the ideal way.I have through a handful of the webinars and follow up calls with different companies and they all basically pitch similar ideas and strategies.
Jarrod Ochsenbein
My 4th rental property is now under contract
17 January 2025 | 12 replies
It seems like location would be especially critical with pad-split (and similar systems), but I’d love to hear your thoughts on what to watch out for in terms of zoning, safety, or demand.Also, I’ve traditionally rented out units the regular way, so I’m curious how screening tenants works for you with the pad-split (and similar) model.
Shiloh Lundahl
Those of you on the sidelines
30 January 2025 | 45 replies
Something tells me that the pendulum just flipped, and that just as all these guys who went all in and bragged about their unit count have all seemingly shut up and disappeared, that now is buy time.
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%?
Jon Martin
Anyone Using 5G Routers for Internet?
11 January 2025 | 6 replies
The data plans are reasonable ($50/month) and the service seems like it would be more reliable through storms and outages.
Grant Shipman
How Co-Living Can Help You Get Started Earlier, Faster, & Better!
31 January 2025 | 2 replies
Everyone seems to have their definition.
Mark Sullivan
Add to the Portfolio or Swap
20 January 2025 | 12 replies
While the debt would whip out most of the profit for 'x' amt of time, it would seem to be logical to take on the risk at a net zero income for x amt of years if after that point, the cashflow is all positive.
Cory St. Esprit
Would you renew?
30 January 2025 | 21 replies
That seem like a very low for a furnished rental.
Nick Rutkowski
Not Going As Planned
30 January 2025 | 7 replies
Now, seems like a simple task- take the old door off and put a new door on.