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22 February 2025 | 5 replies
I was able to rent the garage to a seasoned electrician running his business through there only coming in and out to stock his truck once per day.I hope to be able to convert the second floor into an ADU as soon as Feb 2nd rolls around.
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7 February 2025 | 41 replies
The only thing in that county is that I pay a higher property tax rate as an investor vs. a homeowner.
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12 February 2025 | 12 replies
If you have checkbook control you’ll have a bank account with a bank that has FDIC insurance up to $250k per account.
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21 February 2025 | 4 replies
-PITI minus (rents x number of bedrooms) = your debt obligationIf what you owe at the end of the day is less than what you would spend on housing per month, that's a win!
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30 January 2025 | 32 replies
In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.
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4 February 2025 | 7 replies
I’m not focused on volume, but rather on maximizing the assignment fee per deal, compared to doing multiple smaller deals to achieve the same result.My question is: Where can I find sellers with messy titles?
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3 February 2025 | 4 replies
We've invested around $50,000 in improvements (central air and hardscaping) and our mortgage is a 30-year fixed at 2.5%, with a PITI of $2400.We think it could rent for $3,750 - $4,000 per month based on local comps.
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12 February 2025 | 14 replies
@TJ Dittmar What would something like that rent for per month, $1,800?
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19 February 2025 | 1 reply
In the next 5-10 years, I plan to leave my current industry and transition to real estate full-time, so I’m especially interested in how this could impact that goal.Current FinancialsRoth 401(k) Balance: $105KContributions: $79KEarnings: $23.5KSalary: $109KContributing 6% annually ($545/month), with a 100% match for the first 3%Investment Growth Assumption: 8% per yearCurrent Rental Cash Flow (Pure Profit After All Expenses): $7,500/month (9 units)Potential New Property Cash Flow (Pure Profit After All Expenses): $1,300/monthCurrent Real Estate Portfolio Value: $1.4MAfter New Property: $1.7MWithdrawal Breakdown ($60K)Tax-Free Contributions: $45KTaxed Earnings: $13.4KWhy Only $13.4K Is Taxed and PenalizedMy Roth 401(k) balance is made up of:Total Balance: $105KContributions: $79K (75.24% of total)Earnings: $23.5K (22.38% of total)When withdrawing, the money comes out proportionally from contributions and earnings.