
3 September 2024 | 4 replies
There is no perfect software out there.

4 September 2024 | 7 replies
I don't owe anything so I am under no pressure to sell.

4 September 2024 | 6 replies
With no experience they will only finance 70% ARV (after repair value) and with experience they will finance 75% of the ARV.

30 August 2024 | 15 replies
The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

4 September 2024 | 4 replies
As long as you login to their app through the pro area it will recognize your membership and should give you the software at no cost.

3 September 2024 | 5 replies
The only exception to that is the Eastern Panhandle near DC.I’m not sure about this specific deal, but knowing the location and little to no cash flow, no way I would buy this.

4 September 2024 | 14 replies
Through the years, he did some renovations and contractors checking into it says there's no record on file as to the designation.

4 September 2024 | 3 replies
I have bought a few books and none of them work well at all because they are all talking about finding the buyer first and in my mind if I go about finding the buyer first, 1 its not with no money and, 2 I would just do a different strategy of investing if I was finding buyers first.

3 September 2024 | 10 replies
Here's a high level average cash flow calc for a few different property types based on what I'm seeing.Apartment/Condo (2/3 BR, 1/2 Bath):Purchase Price: $350k Mortgage Payment: $1550/monthProperty Taxes: ~$1600/yr or $134/monthMaintenance Fee: $700/monthProperty Insurance: $125/monthUtilities: $300/monthAssume no maintenance/capex reserve since Condo. $140/month vacancy reserve (5%)Rental Income: $2800/monthCash Flow: -$134/moTownhouse:Note: Looking at low price units on the market for < 7 days to possibly get more value / minimize mortgage paymentsPurchase Price: $450kMortgage Payment: $2150/monthProperty Taxes: $1900/yr or $159/moUtilities: $300/monthProperty Insurance: $125/monthMaintenance (5% rent) + Capex + Vacancy (5% rent) Reserve: $500/moRental Income: $3000/monthCash Flow: -$232.64Detached Home - Single UnitPurchase Price: $600kMortgage Payment: $3193Even if I can get $3300-3400/month for a 3-4BR home purchased at $600k, maintenance and reserves will cause it to be negative cash flowDetached Home - Two UnitsPurchase Price: $700kMortgage Payment: $3831Property Taxes: $3500/yr or $292/moUtilities: $300Property Insurance: $125/moMaintenance (5% rent) + Capex + Vacancy (5% rent) Reserve: $860/moCash Flow: -$608.57Are any of my numbers way off?

3 September 2024 | 3 replies
Everybody I have called said no except for one company that only does portfolios with established customers