Jennifer Hung
Has anyone done recent business w/ Morris Invest or SDIRA Wealth?
3 December 2024 | 51 replies
I recently had a phone call with Johnny at Sdira Wealth, through Morris Invest.
Veronica Mitchell
Next gentrifying neighborhoods in and around Chicago MultiUnit
20 January 2025 | 33 replies
You can still get cashflowing 4 units there though which sell mostly to investors, its just the sf and 2 units that have gone crazy on price recently.
Oscar A Viteri
Which land flipping course should I choose?
29 December 2024 | 10 replies
I went to an event recently & it was so much worse than just than 7 years ago (might be related that Jonathon was his top coach then & trained the other coaches & now Jonathon is not there).McCall is a complete waste of money.
Marcus Auerbach
Mortgage rates going up. Is the market expecting inflation?
24 December 2024 | 25 replies
I do find it humorous though that thinks the recent bought of high inflation was caused by the current administration.
Jennifer Fernéz
Help with this deal!
18 January 2025 | 10 replies
@Jennifer Fernéz I run sum numbers for you with our tool, see comments and pics below before refinancing and post refinancing .Financial Breakdown: Purchase Price: $200,000 Mortgage (LTV 80%): $160,000 Interest Rate: 6% (30-Year Amortization) Mortgage Monthly Payment: $959Upfront Costs: Down Payment (20%): $40,000 Closing Costs (3.5%): $7,000 Renovation Costs: $15,000 1 Month of Carrying Costs During Renovation: $1,548Total Upfront Required: $63,548Year One Rent: Monthly Rent Income: $2,000 1 Month Rent Losses during renovations (-$2,000): -$167/month distributed over 12 months Total Rent Income: $22,000 per year => $ 1,833 per monthMonthly Expenses: Mortgage Payment: $959 Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $275 per month Assuming 5% Vacancy: $92 Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $1,676Monthly Net Cash Flow: $157Post-Renovation Refinancing Strategy after 12 months:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate a portion of your initial investment into a mortgage.
Nathaniel Kamp
Advise needed to purchase problem property
17 December 2024 | 4 replies
We have a house in the neighborhood who's owner recently passed.
Timothy Franklin
STR sub-to/ portfolio
1 January 2025 | 26 replies
But to be fair, I have spent a great amount of time very recently trying to help another professional 20 years in experience ahead of me bail out of a mistake I NEVER would have made.
Mark Hafner
International vacation rentals
26 December 2024 | 6 replies
We don’t do overseas rental units but recently have traveled in those countries and my brother bought in Italy and my son is based in Sicily.
Brady Morgan
Securities Based Lending for Low Interest Rate
17 January 2025 | 19 replies
There are others but those are some of the more recent ones I have talked to (in the last couple weeks) that had the best offers.
Jesse Valdez
HELP***Week to week tenant eviction
12 January 2025 | 28 replies
Recently I've had 2 guests that were messy and accessed the two rooms that weren't currently rented.