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19 February 2025 | 5 replies
Check out FilePlace, where user-created forms are available for free.
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1 February 2025 | 56 replies
Stack up the cash flow and dip into that as needed to support the asset.
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14 February 2025 | 3 replies
Good luck, and feel free to reach out if you ever want to brainstorm strategies!
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5 February 2025 | 69 replies
Feel free to message me separately.
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22 February 2025 | 7 replies
Feel free to contact me directly.
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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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13 February 2025 | 4 replies
Hey Hazel feel free to PM me, I have a strong referral network and would be happy to connect you.
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13 February 2025 | 3 replies
As a Pro Member you have free access to RentRedi as a property management software, which gives you the ability to screen your tenants.
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22 February 2025 | 11 replies
We're an appreciation market, not as much of a cash flow market here, unless you're putting a large down payment or actively managing STR's.Buying out-of-state can get you more cash flow, but the tradeoff is less appreciation (usually), and cash flow can be eaten up by maintenance and expenses.