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9 September 2018 | 7 replies
@Samuel Carmichael besides what @Brandon Ingegneri said about looking at absolute dollar amounts to figure out if it's even worth the aggravation, I also agree with @Michinori Kaneko about looking at percentages.Personally I look at percentages first, namely 1) cash on cash return (yearly money back after all expenses including mortgage, divided by all money invested to get it rentable) and 2) debt service coverage ratio (net income after operating expenses but before mortgage payment, divided by the mortgage payment).The first is (obviously) a measure of return, while the second is more of a measure of risk as it tells you how much of a buffer you have between the property's net income and the monthly fixed mortgage payment.After you get a little more experience you'll also start to factor things like replacement reserves into account.
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16 October 2018 | 93 replies
Hopefully I’ll be able to fly there by next month, and drive around so I can see this properties.
30 October 2019 | 15 replies
See what those comps are and factor in closing cost for getting it closed and the realor's commission as well.
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14 September 2018 | 4 replies
The cost of a survey can vary widely depending on many factors.
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7 September 2018 | 0 replies
If you have a need for assistance with anything (driving for dollars, running numbers, organizing data, manual labor, etc), I would love the chance to help out in exchange for just being around the process.I am located near downtown Fort Worth, TX.
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8 September 2018 | 1 reply
People interested in renting will drive by anyway and see the For Sale sign.
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10 September 2018 | 5 replies
It depends on lots of factors.
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20 November 2018 | 29 replies
When temperatures drop to a point where the heat pump can no longer do its job (i.e. somewhere below -13F to -20F) - perhaps even prior to that point when COP factor on the heat pump drops below a pre-determined threshold - the existing furnace would fire as the stage 2 heat source.If your oil furnaces are much more than 20-years old, their efficiency will likely be less than 75%.
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12 September 2018 | 7 replies
Not planning on a home run, but just solid financials.4) Right now BRRRR seems like a strategy that makes sense for us and in my market area.5) Looking to meet other investors, lenders, brokers, wholesellers just networking in general.Statesville is a small city, but we are near ( 45 minute drive) Charlotte, Winston Salem, and Hickory metro areas.
15 November 2018 | 31 replies
You can just drive along I-10 and see all of the crazy infrastructure building, they are adding ramps, and increasing capacity on 4 lane highways (each way).