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11 September 2024 | 22 replies
At Neu Real Estate Group, we specialize in vertical development, particularly new build duplexes in the Indianapolis market.
11 September 2024 | 0 replies
I'm new to wholesaling and am familiarizing myself with the laws.
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11 September 2024 | 4 replies
I'm very new in my research and education so I'm not exactly sure yet.
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6 September 2024 | 2 replies
Is it worth it to do a complete gut job and basically make it new or should I patch it up and get it "good enough" to rent.
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11 September 2024 | 17 replies
I'm relatively new to real estate so any advice or insight means a lot.Thanks in advance!
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11 September 2024 | 6 replies
You'll need to get a new commercial insurance policy reflecting the LLC as the owner.
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10 September 2024 | 2 replies
I had inspector in examining a new bathroom which had new electrical in support of the bathroom.
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6 September 2024 | 24 replies
Hi All,I'm a new member in Silver Spring, MD, who read Rich Dad, Poor Dad, and realized I don't have to be living paycheck to paycheck forever!
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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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6 September 2024 | 32 replies
Make sure to study the buyer your trying to target...but you already know that.Hope that helps