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13 September 2024 | 2 replies
You are better off just listing it as being “discounted for its current condition” and saying “owner won’t make any repairs or contribute to any repairs”.
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16 September 2024 | 43 replies
I wouldn't say that's all BP, but BP definitely contributed to it.
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18 September 2024 | 67 replies
No one was able to clear it, even after multiple attempts, and it caused Home365 to stopped paying my bills (pending owner contribution).
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13 September 2024 | 6 replies
I’m especially interested in long-term rentals and techniques to enhance cash flow and ROI, driven by a passion for financial independence and building long-term wealth through real estate.I’m eager to connect with fellow enthusiasts, gain insights from your experiences, and actively contribute to this community.
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20 September 2024 | 114 replies
Thank you for your contribution.6.
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14 September 2024 | 14 replies
I appreciate everyone's contribution to the concern, however a few had me much more stressed than needed!!
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12 September 2024 | 23 replies
.), I would be very grateful if you choose to attend BPCON, and your 26,550 posts have certainly contributed so much value to this platform and not just the tens of thousands of people who you responded to, but the hundreds of thousands or millions more who have read your comments, that I'd be delighted to give you (and a guest) a completely free ticket to BPCON Cancun, including food, beverage, access to all events, and a room at the 5 star moon palace resort.
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12 September 2024 | 6 replies
Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.
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11 September 2024 | 2 replies
This includes mandatory structural inspections for buildings over 30 years old and the elimination of the option to waive reserve contributions.
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13 September 2024 | 61 replies
And contributed to inflation.