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7 December 2024 | 3 replies
As a non-resident, I’m finding the process challenging due to factors like high upfront costs, foreign buyers’ taxes, and financing limitations.I’d love to hear your advice or experiences regarding:•Strategies to manage the high initial costs and foreign buyers’ taxes.
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7 December 2024 | 14 replies
I can build cheaper than I could replace but there is a time and stress factor to consider.
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15 December 2024 | 59 replies
What Ray predicted seemed to make sense, but unfortunately there were other factors that interrupted his predicted scenario.
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7 December 2024 | 7 replies
The key factor is the amount paid and the nature of the payment, not the payment method.
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9 December 2024 | 0 replies
At this point I'm not factor in any vacancy because I have more leads on this property than I have rooms.
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6 December 2024 | 4 replies
When analyzing your offer, make sure to factor in operating expenses, rehab costs, and vacancy rates.
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6 December 2024 | 12 replies
The size of your rental operation is one of the factors in this determination.
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15 December 2024 | 30 replies
There are more factors than just pure cashflow and it seems like you are in a good position to be successful.
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5 December 2024 | 4 replies
It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $459,000 Mortgage Amount (80% LTV): $367,200 Equity: $91,800 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop to 5%Monthly Expenses: Mortgage Payment (5% Interest): $1,971 (Now you are paying interest and principals) Property Tax: $260 (assuming has been increased with a 4% from last year) Utilities: $361 Insurance: $104 (+4% Adjustment) Vacancy: $166 (now after 12 months we can assume we have some vacancy at 5% factor on annual rent) Repairs & Maintenance: $166 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $3,028Rent Income after 12 months assuming annual rent increase at 5% : $3,323Cash Flow: $295$ per month 😊Long-Term Gains: $5,418 Principal Paydown year 2 (this will increase each as you pay off your mortgage $36,720 Property Appreciation (assuming 8% per year) $3,540 Cash Flow (this will increase as rents rise)Total Annual Return on Investment: $45,678 with just $ $22,789 remaining in the deal.
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5 December 2024 | 1 reply
What are other factors and neighborhood I should consider?