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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.
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14 September 2024 | 26 replies
Think game room, hot tub, peloton, neon signs, pool table, arcade games, and pickleball.Optimizing Listing Photos: The first impression matters.
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10 September 2024 | 2 replies
Your journey so far sounds impressive - developing strong analysis skills, building relationships with brokers and industry experts, and even securing potential sponsors is no small feat.
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13 September 2024 | 24 replies
Most guys will watch, some will fail at the first impression and very few will buy her a ring.
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12 September 2024 | 28 replies
I must say, I’m impressed.
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9 September 2024 | 5 replies
Being a homeowner (especially in your area) is impressive.
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4 September 2024 | 6 replies
Not Adobe Illustrator or other readily available Vector software, etc.
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7 September 2024 | 12 replies
Forgive me if I gave off the impression that I thought this was easy.
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6 September 2024 | 39 replies
Motil has a pretty impressive resume' I can see where folks would lend to him ..
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8 September 2024 | 31 replies
The investors that I work with daily are very impressed going through the process of investing in New Construction.