John Clevenger
AI Intigration in Real Estate
30 December 2024 | 6 replies
Think there is some substantial validity in this, but do you think it could potentially be utilized in a different fashion?
Zach Howard
Class C: Personal loan for 200k, should I use it for multiple down payments, or...?
9 January 2025 | 44 replies
to BRRRR something, you need a goldilocks property - something distressed enough that it can be bought substantially below market, but not so distressed that it can't be repaired.
Jonathan Small
Case Study: Cockroaches to Cash Flow
27 December 2024 | 2 replies
This provided a substantial return on the initial investment and freed up capital for future projects.Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)With a 40% expense ratio, the DSCR is approximately 1.45.
Tyler Graber
scale from 1 to 2?
2 January 2025 | 7 replies
Unless you've done substantial improvements to the building or used a large down payment when buying, it's unlikely this will work.Perhaps your best move is to find a new primary residence that is 2-4 units and repeat the process.
Drew Sygit
New Michigan Law: Landlords Can't Discriminate on Tenant Income Source
14 January 2025 | 10 replies
But either way, it is a fairly substantial number of States and many of which have large population centers.
Robert Bell
Blue Oval City's Delay May Open New Opportunities
26 December 2024 | 3 replies
Investors who take a patient, forward-thinking approach can still reap substantial rewards.
Steven Catudal
Increase in property taxes
4 January 2025 | 11 replies
If they do, then you can likely find another tenant for that amount fairly easily, as I would assume the entire town's taxes are up- so if someone really wanted to be in town, that price is the new normal.If your taxes increased that substantially in a C neighborhood, your tenants would way more likely give push back for that type of increase- even though you're not being greedy, you're just imposing the same raise you were given.Often the buyer who had the "well, the numbers are better" mentality is only looking at year 1.
Pixel Rogue
Unique damages from exiting tenant…
30 December 2024 | 5 replies
You need to be able to substantiate this tenant caused this damage and that it didn't exist prior and small items like this are less likely to be prove-able. 4.
John McKee
Looking back on 2024
3 January 2025 | 7 replies
Although I’ve been investing in real estate, both directly and indirectly for 45+ years, I still get a “queasy” feeling when an investment does not perform as expected.My “aha” moment occurs when we reach the point when, despite the investment problems, we’re able to still show a good/substantial profit at the end of our holding period.
Christopher Lynch
How To Start a Syndication ?
10 January 2025 | 9 replies
Yes, most syndications have the leads put substantial money in to start the thing.