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22 January 2025 | 3 replies
Looking for some input...I'm working on educating myself more when it comes to various tax benefits and trying to decide what would be the best route for me moving forward.
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4 February 2025 | 1 reply
Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000
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4 February 2025 | 87 replies
If you decide to move forward, best of luck to you.
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7 February 2025 | 16 replies
Is this LTV based on ARV or the purchase price?
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27 January 2025 | 12 replies
Looking forward to seeing your journey unfold!
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5 February 2025 | 2 replies
If we price the home based on what they thought they could get for it, it will sit for weeks/months.
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17 January 2025 | 4 replies
Looking forward to hearing more from you!
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9 February 2025 | 12 replies
@Kristian Forbes Short of doing another house hack or negotiating the purchase price down a fair amount, I think that's going to be a tough one to make the numbers work.
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13 January 2025 | 25 replies
The environment now with higher interest rates and higher purchase price does make it more difficult but definitely doable.