11 January 2025 | 12 replies
My first questions are what price range are you trying to buy a property in and do you have a home already in the United States?
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10 January 2025 | 6 replies
Do you have a price range in mind for the various properties you might acquire?
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11 January 2025 | 6 replies
However, if you have more then 2/3 within a certain range of each other, none of them will work.
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15 January 2025 | 14 replies
Interest rates don't help, but investors were also successful in the 80s and 90s with rates in this range.
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27 January 2025 | 18 replies
I have several quotes in the $20k-$30k range - before finding a 'mom and pop' licensed electrician who did it for $9k.
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19 January 2025 | 9 replies
But during the buyer’s due diligence, several unexpected issues surfaced, each cutting deeper into the profit I had worked years to earn.The first issue was with the water lines.
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11 January 2025 | 3 replies
The house, if listed to sell, would likely be in the $320k range.
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13 January 2025 | 8 replies
Given the current NOI of $19,440 and a reasonable cap rate of 8-10% for a park with park-owned homes and septic systems, a fair price would range from $194,000 to $243,000.
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10 January 2025 | 1 reply
Purchase price: $275,000 Cash invested: $45,000 Sale price: $400,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.
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12 January 2025 | 12 replies
Principal Paydown: $2,441 Total Gain: $58,317 ROI: 360.32% (on $16,185 upfront investment: 3.5% down payment of $8,715 + 3% closing costs of $7,470).Year 2 Analysis Cash Flow: -$752 Home Appreciation: $6,120 Principal Paydown: $2,617 Total Gain: $7,985 ROI: 49.34%.Year 3 Analysis Cash Flow: -$375 Home Appreciation: $6,242 Principal Paydown: $2,806 Total Gain: $8,674 ROI: 53.59%.Year 4 Analysis Cash Flow: $9 Home Appreciation: $6,367 Principal Paydown: $3,009 Total Gain: $9,386 ROI: 57.99%.Based on these numbers, you’d have negative cash flow for the first three years and only break even in Year 4, assuming a 2.5% annual rent increase.Adjusted Scenario see second picture: Landlord Covers Gas and WaterIn the second scenario, I assumed the landlord would pay for gas and water at $300/month while maintaining the same 2% home appreciation rate.