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4 February 2025 | 18 replies
If it cannot do that, it's likely to make little to no money in the first year or two.
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14 February 2025 | 43 replies
Most of them that are successful like a Tony Robbins etc they make HUGE Money Millions upon Millions with their training and backing certain products..
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10 February 2025 | 16 replies
If it does, but more money down, or forego appreciation and choose a stagnent market that cashflows.
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4 February 2025 | 2 replies
I have the private money lined up for the 25% down payment.
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5 February 2025 | 29 replies
So the money partner increases their new worth quickly as the property forces equity usually through repairs.
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14 February 2025 | 4 replies
Sometimes the foreclosure “rescuer” charges the borrower high 'service fees' up front and then disappears with the money without providing the promised service. .Each state has it's own foreclosure rescue/avoidance/solicitation laws.
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13 February 2025 | 1 reply
Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details: After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.
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6 February 2025 | 13 replies
Quote from @Derek Harville: You could accept it and then sell it to recoup your money.
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22 February 2025 | 7 replies
If the tenant was there for 4 years with no qualms you have made your money back and then some.
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6 January 2025 | 0 replies
We made some big changes coming to Movement Mortgage early this year and we are incredibly grateful to be thriving and loving it here at Movement.