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28 November 2024 | 4 replies
There used to be some landlord seminars for Dallas Housing Authority ever so often, so that might be a good place to ask if they are still doing those.One thing to think about is if Section8 might be subject to the DOGE cuts?
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11 November 2024 | 3 replies
It usually has to do with how they feel about themselves.
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30 November 2024 | 0 replies
On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?
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28 November 2024 | 0 replies
Although , double closing is more expensive , I feel it’s a little more legitimate than assigning.
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20 November 2024 | 10 replies
It will be hard with a more institutional lender like us to get down below $100K on a loan amount.
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26 November 2024 | 2 replies
Purchase price: $430,000 Cash invested: $85,000I bought the property partially renovated on the interior, then proceeded to do updates to increase value.
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14 November 2024 | 12 replies
It sounds like you’re on the right track by building a strong knowledge base.
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27 November 2024 | 9 replies
Starting rent-free is a smart move—it’ll maximize cash flow but high purchase price and a low down payment make it challenging.
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18 November 2024 | 9 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?