
23 January 2025 | 8 replies
Thanks in advanceDown payment: ~90k (25% downpayment)Rent per month: 2300 (5Bed, 4 Bath) with 2100sqftProperty management: ~150 (monthly)Outstanding loan around : ~268k (7.675% APR) 30years fixedLandlord Insurance: 1500$ (per year)HOA: 1600$ (per year)Keeping an eye on interest rates for refinance, so I can then move this property to an LLC instead.

27 February 2025 | 40 replies
This is the best way to start hands down.However, there is the initial VA mortgage insurance fee.

20 February 2025 | 32 replies
Generate reports to easily see how your properties are performing, all within a user-friendly interface.Peace of Mind with Banking: The FDIC-insured banking features with high-interest rates and physical debit cards are a huge bonus.

30 January 2025 | 4 replies
I follow Dodd Frank, I use an RMLO, I have a title company close the sale and offer title insurance.

29 January 2025 | 3 replies
Planned energy-efficient HVAC installations will replace outdated ceramic heaters, reducing tenant utility costs, lowering insurance premiums, and qualifying for utility reimbursement programs—a win-win for tenants and investors alike.Inflation HedgeReal estate is historically a strong hedge against inflation.

24 January 2025 | 36 replies
.$140k offer8% interest rate20% down8% management fee5% vacancy5% maintenance 5% cap exI haven't gotten insurance costs yet but it's been suggested that I plan for $2k per year.

23 January 2025 | 11 replies
Living in one unit and renting out the others allows you to deduct 75% of expenses like mortgage interest, property taxes, insurance, and shared repairs as rental expenses, while the remaining 25% applies to personal use.

7 February 2025 | 12 replies
I guess it can save you some time managing, for example one tax bill, one insurance bill.

25 January 2025 | 1 reply
[1] You might want to think about opening 2 FDIC insured savings accounts that have no fees.

31 January 2025 | 44 replies
Even at that price point, you may struggle to find a tenant, potentially leaving the property vacant for months.Here’s an example of a deal I’m currently working on:Purchase Price: $215,000Rehab Costs: ~$250,000ARV: ~$615,000Potential Rent: $3,600/monthUsing a $615,000 ARV and 75% LTV on the cash out refinance, with taxes and insurance, my monthly payment would be $4,267 using an 8.5% rate.