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27 August 2024 | 10 replies
I don't have a property manager, so I do all of the outside maintenance myself.
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28 August 2024 | 18 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.
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28 August 2024 | 11 replies
If you’re managing this process, using a platform like Agecroft Capital can help streamline the tracking of payments and equity as you go.As far as the risk?
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28 August 2024 | 5 replies
How would I get in contact with Hedge Fund Acquisition Managers to pitch deals too?
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29 August 2024 | 33 replies
Either get a property manager to take over, hire a lawyer or get an education.It literally took me less than 5 minutes to search the KS Attorney General website for any law saying you can't do this.
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26 August 2024 | 3 replies
I can cover my mortgage but are there other ways of financing this project without burning my cash reserves?
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25 August 2024 | 10 replies
Main question: The seller is asking 675k I think I could get a loan for the park for around 375k-500k(Maybe totally off just off me doing my numbers and their 8% interest rate and their typical 25% OpExp ratio and if they are all similar in running the projection of a new MH brought in $1500 per month new revenue).
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28 August 2024 | 4 replies
My real estate agent there says he isn’t concerned with the permit situation in Rome and he invests there himself and manages quite a few of them for other clients as well but I’m not as confident in the government there as he is.
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26 August 2024 | 2 replies
Obviously the market is pretty tricky right now and need to be even more conservative with projecting numbers.
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25 August 2024 | 61 replies
There are a few factors that can make a project get the title “hardest project”.