Alex Chin
Timeshare Vacation Rentals
30 October 2024 | 18 replies
Hello BP,My parents recently inherited a timeshare that carries with it some formidable annual maintenance fees.
Andrew Syrios
Charging a Monthly Maintenance Fee
29 October 2024 | 13 replies
I don't think it will fly with a monthly fee for a semi-annual.
Devin Voelker
Is it to much?
29 October 2024 | 5 replies
@Devin Voelker$1,800 x 8 months occupancy = $14,400 annually $1,200 x 12 months occupancy = $14,400 annually Are you confident you can get over 8 months occupancy for the midterm?
Cody Holt
How to use equity from my own residence
29 October 2024 | 7 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.
Alton Swann
Looking for ideas on how to structure 6mm debt
28 October 2024 | 2 replies
You can get creative.......you can offer them interest only payment quarterly, annually, semi annually until you can refi them out with long term debt....
Steve Tse
Tenant Rent Increase
2 November 2024 | 20 replies
You can usually find news articles, real estate websites, or government agencies that report annual growth.
Jerryll Noorden
All, if you are struggling generating motivated seller leads, it is because of this..
4 November 2024 | 17 replies
I am a retired RE Broker with decades in the business and thinking of returning to it as either a Wholesaler or a Fix and Flipper, areas I have completed before and have experience in, and, having performed a lot of due diligence, I once again have been confronted by con men saying they are not gurus then try to sell me a service at $97 per month, or $129 p/m ( billed annually, with no trial period and no refund which comes out to being charged (1,548.00 ) along with other shysters charging upwards of $20,000 for a level in which I could actually MEET the Guru and bow before him in abject humility and profess my undying devotion to him for his enlightenment, while making my wallet lighter and my stress greater.
Tanner Martillo
My Real Estate Journey So Far: Financial Freedom Here I Come
30 October 2024 | 2 replies
Even though I have a great corporate sales job with a W2 income over $200k annually, I've always known I didn’t want to rely on that income forever.
Kyle Fitch
What would be my earning potential?
31 October 2024 | 12 replies
Hi Kyle,Given your plan to acquire 19 rental units over 10 years, here’s a realistic projection:For cash flow, assuming each unit rents for about $1,200 to $1,500/month and generates $300-$400 in net cash flow after expenses, you could see $68,000 to $91,000 annually from 19 units.Appreciation typically runs at 3-5% per year.
Laurieann Frazier-Duarte
Landlord responsibilities with rentals
1 November 2024 | 22 replies
There are AC service company offer a reasonable fee for a annual plan where they come to change the filter twice a year.