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7 September 2016 | 6 replies
I rent it for $1750 and mortgage/insurance/taxes/association are $1100.
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21 March 2017 | 18 replies
Our total out-of-pocket costs will therefore be around $7,700 ($3,700 down + $4000 rehab).The numbers look like this: Rent $650 Loan payment $345 4 years @ 5% HOA $130 Insurance $13 Property taxes $67 Maintenance + CapEx $80 For new windows and HVAC Cash flow $15 During land contract Cash flow $361 After land contract Cash on Cash 56% After land contract ROI 48% During land contractAs the numbers show, there is virtually no cash flow during the 4 years the loan is being paid off, but the return on investment from principal pay down is almost 50% PER YEAR.
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7 September 2016 | 21 replies
I would say this, by seasoned investor standards you overpaid for your property in AZ.
15 September 2016 | 17 replies
I pay the property taxes, and tenants take care of maintenance, insurance for their trailers, and all the utility bills.
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7 September 2016 | 7 replies
I think this is twofold, one because the prices have been driven very high (and I'm late to the party) and the FHA payments usually are also higher (including insurance, etc.), and two because it's difficult to get the FHA loan on a property that is 70-80% and needs repairs, so nothing from my current wholesaler contacts would work.
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13 October 2016 | 5 replies
We've bought rentals listed on the MLS, MLS expired listings, REO auctions, standard auctions, online-only auctions, FSBOs, estate/probate, facebook and more.
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6 September 2016 | 3 replies
Closing with the VA loan is awesome because you have zero down no mortgage insurance which is a great start.
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6 September 2016 | 13 replies
Before him, there were very few conventions in refining oil profitably, but he grabbed the reigns of Standard Oil, and the rest is history.
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7 September 2016 | 0 replies
Which company offers the best renter's insurance in India?