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Results (10,000+)
Celine Rechyy Seeking Guidance on Real Estate Investment, Especially House Hacking
6 December 2024 | 17 replies
Make sure you understand the basic math, what qualifies as a good investment, how to manage your investment and prevent losses, etc.I would start with Set For Life by Scott Trench.
Griscel Maciel Should I sell separately or as a whole?
4 December 2024 | 4 replies
Not sure is selling individually is worth the headaches or count my losses and sell as a whole, if there is any? 
James Kerson Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
So there is a 100X weight factor on the licensed professionals for literally everything, everything done and everything not done.
Griffin Malcolm Are Solar Panels Worth It?
5 December 2024 | 34 replies
BUT for certain rural areas it's worth it's weight in gold because of the reliability factor vs an unreliable or expensive existing utility structure. 
Benjamin Jackson Need some advice on a few deals
2 December 2024 | 2 replies
It sounds like this may be a loss but I am sure you have learnt from it.
Ethan O. Orlando Short Term Rental
30 November 2024 | 12 replies
yep your weight in gold.  
Nancy Almann Tenants "out' of the rental, 'but we still need to clean!'
2 December 2024 | 3 replies
They may or may not have good reasons and unless they communicate those reasons and perhaps even substantiate them I really try not to give them any weight.
Drew Giltner Help me analyze this deal
5 December 2024 | 4 replies
I run sum numbers for you please see comments below before refinancing and post refinancing .If I were in your position, I would approach it as follows:Initial Investment Assumptions: Market Value: $360,000 Purchase Price: $360,000 Equity: $0,000Financial Breakdown: Hard Money Loan (LTV 100%): $360,000 Interest Rate: 10% (30-Year Amortization) Monthly Payment: $1,995Upfront Costs: Origination fee (1%): $3,600 Closing Costs (3%): $10,800 Renovation Costs: $10,000 2 Month of Carrying Costs During Renovation: $5,390Total Upfront Required: $29,790Total Capital InvestmentPurchased price $360,000 Upfront Costs $29,790Total: $389,790To make this investment work, you need to rent the whole property for at least $3,165/month, refinance it let say after one year with 5% interest with a traditional mortgage.Year One Rent: Monthly Rent Income: $3,165 Monthly Rent Losses during renovations (2 Months): -$6,330 (-$527/month distributed over 12 months) Total Rent Income: $31,650 per year => $ 2,638 per monthMonthly Expenses: Hard Money Loan Payment (10% Interest): $1,995 / per month interest only Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $292 per month Assuming 0% Vacancy first year Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $2,637Monthly Net Cash Flow: $1Post-Renovation Refinancing Strategy:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate your initial investment of $29,790 plus your 360k debt into a mortgage.
Marc Shin STR Furniture - cheap vs expensive
2 December 2024 | 10 replies
Check bed frames and chairs for their weight limits. 
Pamela M. Tenant vacates property before december 1 without notice. Lease is till August 2025
5 December 2024 | 34 replies
Hopefully the security deposit is enough to minimize your loss.