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20 May 2024 | 88 replies
Originally posted by @Nate T.
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20 May 2024 | 5 replies
@Frank BarlettaThank you for the post.
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20 May 2024 | 4 replies
Houses rent faster than you can post them in this area..
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20 May 2024 | 8 replies
Originally posted by @Ned Carey:I would be talking to other investors in your local investment club or network.
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21 May 2024 | 21 replies
There's been posts about people on this board building at 3% and the bank floated their rate to 8 or 8.5% over the year it took them to build.
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21 May 2024 | 10 replies
There is some content related to cold calling, object handling, etc. but they do not post on this as much as Ricky and Brandon do.
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20 May 2024 | 7 replies
I tried signing up for his 50/50 partnership that he posts on his Instagram.
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20 May 2024 | 1 reply
Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.
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20 May 2024 | 11 replies
Not sure about the rest but hey it was late on a Saturday night when posted, who hasn't been there before.