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19 July 2024 | 100 replies
So it essentially increases the cost to the buyers by 2%?
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19 July 2024 | 23 replies
EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!
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16 July 2024 | 15 replies
I would also let them to to minimize costs incurred can we work together if I get someone who wants to look at the unit we get them access.
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17 July 2024 | 18 replies
Keep in mind you have carrying costs, selling costs and taxes.
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17 July 2024 | 1 reply
I ask because if it were bought 8/22 and it just sold , thats almost 1 year . even if you did minimal improvements and had minimal carrying costs , plus real estate commissions , that doesnt sound like swift profits .This almost sounds like an ad for Brittany Scandra I am very familar with Pasadena
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16 July 2024 | 18 replies
In Florida a big alligator on Real estate can be the insurance costs, and roof replacements.
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17 July 2024 | 16 replies
It's true that you can do a longer contract and most wholesalers do but also most wholesalers fudge the numbers and make the ARV much higher than what it's actually worth or the rehab cost is way too low.
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16 July 2024 | 12 replies
Mortgage, Taxes, Insurance, HOA: $3040.37Estimated rent: $2475Total Expenses: $3660.12Vacancy (5%): $123.75Repairs (5%): $123.75Capital Expenditures: $100Property Management (11%): $272.25Information when I bought the house in 2022, new constructions Purchase Price: $373000Purchase Closing costs: $4662Current home value: 400k-420kCash Flow: $2475-$3660.12= -$1185.12; -$71107.2 at 5 yearsCash on Cash Return on Investment (CoCROI): 0%Appretiation per year (6%); $535,290.23 at 5 yearsEquity: Loan value $345,089.53 at 5 years; $190,200.47 in equity at 5 yearsLoan Value today 6/2024: $368,201.59Total ROI in 5 years= (Total profit/Total Invested capital)/ Time (in years); Total profit: $190,200.47Total Invested: $71107.2 (neg cash flow) + $42757 (closing sale costs)= $113,864.20Total ROI (5 years)= ROI 67%, annualized ROI 10.8%My biggest concern is that I am relying solely on appreciation and assuming will appreciate at 6% per year.
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18 July 2024 | 31 replies
I dollar cost average, more or less, with this too.
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16 July 2024 | 0 replies
When buying a Real Estate consider property tax new cost specially in today's Market.