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25 July 2024 | 1 reply
Purchase price: $200,000 Cash invested: $27,495 Sale price: $306,340 This project was a very interesting one!
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25 July 2024 | 6 replies
In this section, I want to emphasize the benefits of seller carry financing, share success stories where it enhanced the deal, and highlight the tax advantages of utilizing a 1031 exchange.Seller carry financing is a powerful tool that allows investors to purchase properties with flexible terms and minimal upfront capital.
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24 July 2024 | 2 replies
Any tips if I need 10k to purchase cash or suggestions for loans?
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24 July 2024 | 2 replies
Is there anything I should/shouldn't do with this purchase in regards of my mortgage, down payment, etc. that will better prepare me when I look to purchase another investment property?
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24 July 2024 | 0 replies
Purchase price: $199,000 Cash invested: $40,000 Long term rental What made you interested in investing in this type of deal?
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24 July 2024 | 1 reply
High paying local jobs.Monthly cash flow: $306 /moIncome: $2,250 /moExpenses: $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91% Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06%
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25 July 2024 | 3 replies
Local conversations are always better to get started...then once you find a location you're wanting to purchase in you have a really good baseline for what's out there.
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24 July 2024 | 0 replies
Purchase price: $309,000 Cash invested: $30,000 Sale price: $454,000 Full live in remodel including out buildings and dock - Built a hobby farm/hosting business too.
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24 July 2024 | 18 replies
I just recently purchased my 4th multi-family property this summer and now I am debating what my next step should be.
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19 July 2024 | 7 replies
We built a home a while ago and are wanting to get it appraised for a cash-out refinance. We've still been doing some work to it so there are some minor "renos" that are not done and not all the rooms are furnished. W...