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23 January 2025 | 7 replies
As of today, the house rents for $3,400 per month and my PITI is $2,500 per month.
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29 January 2025 | 9 replies
Under this scenario which strategy has the highest vacancy rates.
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13 February 2025 | 1 reply
I’m also using a 6% vacancy rate, which brings the net monthly cash flow to about $200 and a CoC return of 13.06%.Summary:I’ve created around $50k in equity (difference between ARV of $200k and total investment of $155k).I’ve got about $10k or $18,385 left in the deal (factoring in closing costs).The cash flow is healthy, and the CoC return is strong, especially as a first-time investor.Questions:Does anything look off or could I improve the numbers?
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20 February 2025 | 9 replies
I've dealt with this exact same situation, and ontop of everything I was dealing with the Section 8 housing authority because my tenant was a voucher holder.
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30 January 2025 | 2 replies
You can generally get the best terms (max leverage and best rates) on an owner-occupied house.
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13 February 2025 | 10 replies
HI @Jaycee Greene, the current cap rate is 6.79%.
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27 January 2025 | 4 replies
For the 10 year period spanning December 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.4% in that period.
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19 February 2025 | 14 replies
Since it looks like you are fully occupied and stabilized, you would be able to rate and term these quickly, since bridge loans normally don't have any prepays.
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19 February 2025 | 2 replies
While evictions are part of the business, that rate is far beyond normal.