Esther Kamga
How to find Leads
24 January 2025 | 2 replies
Instead of platforms like Angi, try building relationships directly with contractors, architects, and developers.
Jeffrey Bourque
Found a Deal but Not Sure
27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
Ricardo Polanco
NYC Short Term Rental legal advise
15 January 2025 | 9 replies
It sounds like @Ricardo Polanco is following the rules and just needs to let the OSE officers in for inspection.
Frankie Paterno
Scale rentals or Build
7 January 2025 | 4 replies
Im currently networking to partner up with a home builder here in Staten Island and build Semis on empty land.
Chan Park
Plumbing Issue - Landlord's vs. Tenant's expense
29 January 2025 | 14 replies
It's definitely not your fault that the kid allowed the sink to overflow.It's not the tenants responsibility to inspect caulk.
Luka Jozic
Experience of OOS investing in Cleveland after 1.5 years.
29 January 2025 | 107 replies
I had a client considering a building on that edge that you mentioned just yesterday.
Flaubert Perez
Looking to get back on track on the real estate space and build new connections
19 January 2025 | 3 replies
Hello Trying to get back on the real estate investing space and build new connections that can help me to speed up the process.
Yaroslav Shtogun
Lot split with house on the line
20 January 2025 | 16 replies
Quote from @Yaroslav Shtogun: Good morning,Some updates, we did home inspection and the house is not good condition since it was built in 1950 and was not maintained well.
Kareem Hammad
New Agent Looking To Build Connections
10 January 2025 | 3 replies
I just started as a real estate agent and I am looking to build connections with investors.
Bryce Jamison
Do you buy older homes for long term rentals?
20 January 2025 | 32 replies
I just maybe have been lucky but the age does not scare me if the price is right and the inspection comes back clean.