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23 February 2025 | 39 replies
So I did what most serious new investors eventually do and learned how to get private money debt partners and equity partners.
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5 February 2025 | 4 replies
Quote from @Jesse Scheidel: When setting aside money for Capex, Vacancies and maintenance, should you use multiple bank accounts?
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14 February 2025 | 43 replies
Most of them that are successful like a Tony Robbins etc they make HUGE Money Millions upon Millions with their training and backing certain products..
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24 February 2025 | 26 replies
You are'nt saving money (or time or avoiding stress) by self managing.
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22 February 2025 | 8 replies
With companies pouring money into EV and semiconductor production, job growth is picking up, which will only increase demand for housing in the long run.
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6 February 2025 | 12 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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7 February 2025 | 6 replies
You can probably pay for a course when one of the sucker roadshows comes thru town, but it is a ton of money.
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13 February 2025 | 1 reply
Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details: After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.
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7 February 2025 | 13 replies
You went to work, made your money, and then enjoyed your life with your family.