Omar Mohamed Awad
[Rental Analysis]: Do you think this is a good rental property? (Mississauga, ON)
27 August 2024 | 3 replies
Looks like mortgage is over $4K/month on a 30 year mortgage.Purchase Price $950,000Down Payment $70,015 7.37%Mortgage Insurance 35000Closing Costs $18,000.00 4% $18,000.00Interest Rate 4.25%Term in years 25Financed Amount $914,985Payment $4,956.82Renovations/Repairs $20,000Out of Pocket Costs $108,015Monthly Assumed % Manual InputRent $6,000Property Mgmt $480 8.00%Vacancy $300 5.00%Maintenance/Repairs $180 3.00%CapEx $45 0.00% 45Insurance 50 0.00% 50Property Taxes 419.7 0.05% 419.7Rental income tax 0.0 25% 0.0Expenses Subtotal $1,475"Annual % Increase(rent + expenses)" 2.5%1% ruleGross monthly rent should be >= 1% to total purchase price0.63%GRM (Gross-Rent-Multiplier): the lower, the better13.2Cap Rate (Net operating income (annual) / total purchase price): the higher, the better5.72%Net Income After Financing (/mo.) = Net operating income - financing costs-$432years Monthly CashFlow1 -$4322 -$3183 -$2024 -$845 $386 $1637 $2918 $4229 $55710 $69511 $83612 $98113 $1,12914 $1,28115 $1,43716 $1,59717 $1,76118 $1,92919 $2,10120 $2,278
Chuk Obiazi
Is wholesaling as easy as they say?
20 August 2024 | 24 replies
Now, I have more tools in my toolbelt, I can monetize every lead that comes my way, whether through wholesaling, flipping, rentals, novation, or referrals to retail agents.I agree with you, stress and time investment are the norm, especially when starting out.
Daniel Khan
How to get started in real estate development?
12 August 2024 | 22 replies
Youtube content can be monetized.
Collin Hays
VRBO and AIRBNB have met their match: Google Vacation Rentals
9 August 2024 | 25 replies
And when Google seeks to monetize it, I would bet we see similar fees.
Kendall Jackson
Getting started in real estate
2 August 2024 | 15 replies
Monetizing is very easy with multiple options.The best thing about these 3 skills?
Kenneth Bell
What do investors see as a solid LP return?
31 July 2024 | 20 replies
Even though the time frame to monetize is longer.
Engelo Rumora
ATTENTION PROPERTY MANAGERS ‼️ I Need Your Help
1 August 2024 | 71 replies
That's the beautiful thing about tech and automation.It can take some time to set up and integrate and implement processes.But once done properly, you can scale quicker and easier and not be worried to take on a book of 189 units per se when the opportunity presents itself.I reverse engineered "scale" within our company and focused on systems and optimizing.Now it's time to monetize 🙏Getting very close to being able to throw gasoline on the fire for scale.We could scale easier in another market but to be honest, not in the mood of being like some of the other nation wide PM's where they do M&A nationwide.Plus, I'm "semi-retired" and prefer to keep it that way hahaThere are limits to growth in our local market but it's not necessary a bad thing.Cheers mate
Justin Whitfield
How would you invest $500k solely for the purpose of cash flow and FIRE
19 July 2024 | 21 replies
I also currently have 2 rental properties (1/2 of a duplex and 1 SFH) I currently have about $400k in equity in the 2 properties and they generate $2k/mo net income (before repairs)How would you invest this $500k if you had a similar goal as me to reach FIRE status asap?
Tom Frost
Is the Tax Delinquent Blueprint legit?
19 July 2024 | 5 replies
It would be interesting to see who or how many other gurus were using the same materials and then just repackaged it, rebranded it and found a way to monetize it.
Account Closed
How to get to $30k/month if you were me?
23 July 2024 | 42 replies
Now you can ideally monetize it's sell price with the added premiums of turn-key and seller financing, and as completed raising the sale price significantly creating sizable profit.