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4 July 2024 | 1 reply
In small college town with high rental demandAsk price 745kGross rent: 9750/mth 177k/yr (differed maint properties with potential 200/mth per unit increase once renovated) estimated reno (190k across portfolio)NOI: 91,475/yr (12.6 CAP) (includes tax, ins, listed maint for past yr) After reno NOI 127,475/yr (14.6 CAP) Deal info: - Owner finance 745k 20yr at 6% 20k down minus deposits (~13k)Cashflow = 2100mth (self-managed) (self maint similar to the previous owner)By this alone, 2100 cash flow added per month, it will put me at my financial freedom number of monthly cashflow is equal or greater than my families spending amount.
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7 July 2024 | 3 replies
I'd talk with a lot of different people including other investors, your CPA, your estate-planning attorney, and others.
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8 July 2024 | 9 replies
So working with an agent that will work with you to develop a plan of attack is super beneficial, especially when you aren't in town, or know anything about the city.
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7 July 2024 | 3 replies
I recently completed a hybrid house hack-BRRRR-ADU build combo which I'm extremely stoked to say worked out almost completely to plan.
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7 July 2024 | 35 replies
Finally, emailed the L.O. saying I hated to interrupt him, but how many more Amendments will be needed to close this deal, or whether there's any plan to close at all.
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2 July 2024 | 26 replies
If you Plan on doing a single rehab, hire someone to do all work.
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7 July 2024 | 30 replies
I’m planning on purchasing a small SFH from a private lender.
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5 July 2024 | 4 replies
You do not want to spend $200k to add an ADU that only adds $100k of value.
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7 July 2024 | 6 replies
I am NOT interested in owning any more real estate (retired here man) so I had planned on just paying my 15% long term Capital Gains tax rate and moving on to my "safe money" retirement program of MYGA's / CD's and High yield Savings account / Bonds / some Stocks.
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10 July 2024 | 50 replies
As far as the course goes it's one of the cheaper ones out there and I'm on a payment plan.