21 May 2024 | 5 replies
In the "Manufactured" category, I see properties in Florida with very low prices and high monthly rent.
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21 May 2024 | 4 replies
So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.
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21 May 2024 | 15 replies
So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.
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21 May 2024 | 5 replies
Every project will provided you with some good return depending on the resources that you and your partners put.Flips and house development are in a similar category so you can start with a flip, but as @Jonathan Greene said it can go though, so if you don't have an experience partner you should start small.
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20 May 2024 | 1 reply
Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.
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20 May 2024 | 7 replies
Tell the tenant that his opinion carries zero weight, so he must submit proof from an ACCEPTABLE expert to support his alleged foundation issue.Until then, he will be held liable for the terms of his lease, to the fullest extent of the law.
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24 May 2024 | 259 replies
Our factories dissolved or moved in the 90's and 00's and Grand Rapids has reinvented its self as the center for medicine, education, technology and most importantly beer (Beer City).Grand Rapids Michigan has been in the top 10 for rankings in the country for almost 10 years in multiple categories.
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20 May 2024 | 27 replies
(I also would put areas of east Dayton I would put in that same category.)As far as Old North Dayton goes, I've spent a fair amount of time in this area over the last few months (including after my last comment in this post), and I certainly wouldn't lump it in with most of the west side.
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20 May 2024 | 7 replies
Here's my comment on some who had posted in a different forum category about Kris Krohn:https://www.biggerpockets.com/...
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20 May 2024 | 24 replies
Results are FAR more weighted on HOW and WHAT a person does then where they do it.