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13 September 2024 | 6 replies
Looking for feedback on great areas to flip in Tampa/ St Petes and surrounding.If you are a realtor, weigh in, we are not represented there as of yet.4 bed 2 bath or the possibility of that1750+ sqft$500,000.00 or less.
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12 September 2024 | 7 replies
Looking for a 3 bed at minimum (SFH or Townhome) in really any safer part of Houston.
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9 September 2024 | 10 replies
Look for cracks in the foundation, walls, or ceilings, as these may suggest settling or shifting.Additionally, keep an eye out for pest infestations, particularly termites or carpenter ants, which can cause significant damage to wooden structures.Lastly, be aware of environmental concerns such as radon levels and underground oil tanks, which can pose health risks.Having a qualified home inspector conduct a thorough evaluation is essential.
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11 September 2024 | 1 reply
Currently, my wife and I own a house that we purchased for $346,000 (4 beds, 3.5 baths) 7 years ago in California, which is now worth $606,000.
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12 September 2024 | 9 replies
My tenant moved out a couple of days ago, and when I walked through the unit, I discovered that he had removed the curtain and curtain rod, detached the room air conditioner, and caused significant scratches on the hardwood floor from the metal bed frame legs.
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11 September 2024 | 2 replies
So the current situation I have is what route to take, I am currently looking a potential townhome for 500k in the salt lake valley 5.1% interest rate on a FHA with 3.5 down. 3 bed 3 bath, unfinished basement.
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12 September 2024 | 4 replies
The $750 market rent for a 2-bed is also relatively low. - Is this property in a Class C or D area?
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11 September 2024 | 8 replies
Basement unit fits 3 bed 2 baths.
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12 September 2024 | 6 replies
Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.
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14 September 2024 | 26 replies
Most often it was out of need for a specific location and space, so I first concentrate on the location, then #beds (typically), once I've narrowed it down, then I go to budget.