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16 February 2025 | 1 reply
My brother had access to the other $160K but ultimately purchased a 4-plex two months later using his own money instead.Currently, its written that if my brother doesn't use the funds then he gets 160k value from the estate extra, as I used my half already but then my dad suggested a 2% annual appreciation on that amount seems fair on the 160k for him, and now he believes it should match his home’s appreciation, which is roughly 5% per year.
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15 February 2025 | 14 replies
@David YoungRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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6 February 2025 | 3 replies
Im looking at SFH package. 25 properties, roughly 1.5 million most are 2/1 and 3/1 a few 4/1 and 3/2.
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20 February 2025 | 2 replies
Rough math is 46% (~$14k) goes to the $170k property, 54% (-$16k) goes to the $200k property.
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20 February 2025 | 3 replies
You'll now have a rough idea of the repair cost and can factor that into pricing or negotiations with the next buyer.
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16 February 2025 | 22 replies
I keep reading how people snowball their investments in such a short amount of time, but I can't make the numbers work.Based on the research I've done, a property purchased for $500k will generally cashflow $15k-25k in an ideal scenario (roughly 20% CoC).
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25 January 2025 | 2 replies
What you need to do is figure out what the set backs are that are required, and see what you can do.
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14 February 2025 | 2 replies
What can I expect for timeline, potential issues, rough costs?
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9 February 2025 | 33 replies
When I am modeling my rough numbers I was thinking rented 9 out of 12 months.
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19 February 2025 | 29 replies
Examples:44109 (median home price went from roughly 50k to 125k in 8 years)https://www.zillow.com/home-values/77009/cleveland-oh-44109/ 44102 (median home price went from roughly 30k to 120k in 8 years)https://www.zillow.com/home-values/77002/cleveland-oh-44102/ 44106 (median home price went from roughly 100k to 200k in 8 years)https://www.zillow.com/home-values/77006/cleveland-oh-44106/ It has the highest rents on average in all of Ohio for major cities and the median home value is not even in the top 3.