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12 February 2025 | 6 replies
Year long lease typically, with subletting allowed to offset summer months cost to tenant.I worked out some high-level math: Assuming there is a 6 bedroom single family house for sale for 800k, and I can rent for 6k/month.Financing: 350k cash, 450k loan @30yr, 3.8%.Assumptions: 7% vacancy/yr, $4000/yr repairs, $10k/yr property tax, $4k/yr insurance, 8% management fee+50% first month rent on new leaseMonth-to-month breakdown: Income: $6000 Vacancy, Mgmt fee, repair, taxes, insurance: $2300Loan PI: $2650I'd take home ~$1000/month.
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18 February 2025 | 1 reply
Purchase price: $350,000 Cash invested: $11,500 With the proceeds of the sale of our first fixer upper we purchased this duplex which we moved into one unit and same month purchased another duplex in another town to BRRRR.
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1 February 2025 | 0 replies
Purchase price: $275,000 Cash invested: $294,000 Sale price: $355,000 Seller was behind on pay HOA payments and in risk for losing the property.
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7 February 2025 | 3 replies
The sales price was $14k under the asking price.
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3 February 2025 | 4 replies
I'm trying to figure out the best type of STR for cash flow on the property.
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19 February 2025 | 5 replies
You can't change much of it now, but look up the best sale in the area, and copy what they did.
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2 February 2025 | 1 reply
Purchase price: $275,000 Cash invested: $294,000 Sale price: $355,000 The property is a 2 bed 2 bath with a den and a 1 car garage.
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13 February 2025 | 12 replies
I suppose they would be able to help me figure it out but I’m still trying to determine what is the best way to fund something like this and would it be better to sell off the entire purchase once split into separate parcels or is there a way to structure a deal as to where I could sell off some of the land to repay the loan/investors and also retain a portion of it to develop with my own short term rentals.
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18 February 2025 | 5 replies
Real-estate Rookie here, I am going to try to make this as concise at possible.There is a mixed commercial unit for sale in my market that I have had my eye on for awhile.
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12 January 2025 | 0 replies
Utilities included.Fully rented.For sale off market.