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5 December 2024 | 19 replies
Encourage him to set long-term goals, connect with mentors, and use educational resources while keeping the learning process fun and balanced with other activities to prevent burnout.
1 December 2024 | 10 replies
New to this local market, I wonder whether buy and hold is a good strategies for this market (balanced between cash flow and appreciation for class A or B, I know cash flow is difficulty in general given today's real estate environment )?
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5 December 2024 | 34 replies
Quote from @Griffin Malcolm: The typical experience that I have had flipping homes with solar and also helping buyers/sellers on sales with solar is that the seller ends up having a request from the buyer to pay the remaining balance off from the solar debt on the home without increasing the value.
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30 November 2024 | 0 replies
On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?
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2 December 2024 | 7 replies
So I'd just make sure you have good checks and balances and reporting setup.
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5 December 2024 | 554 replies
I plan to pull my principle investment sometime soon and keep a balance of it.
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2 December 2024 | 21 replies
Also, if you're working with a local bank, theyre likely choosing not to originate Conventional loans for investment properties and to only offer commercial loans that they hold on their balance sheet, which are subject to their own internal credit policies.
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1 December 2024 | 7 replies
Perhaps the sale price listed is based on the balance owed?!?
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2 December 2024 | 35 replies
If you can find smaller local banks in the market you pick they may have more unique products that they keep on their balance sheet or try and do the 5% down conventional on a 4-unit FHA's self-sufficiency test applies to both 3 and 4-unit properties.
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17 December 2024 | 86 replies
When I first started, I learned that diversifying a little—maybe starting with one cash purchase for rental and layering in a financed property or two—can balance risk and cash flow.It’s also wise to consider market trends in areas where you’re looking to invest.