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20 May 2024 | 8 replies
Hi There,I am trying to understand how best to value an RV park.
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21 May 2024 | 21 replies
It's advisable to research US real estate markets that align with your investment objectives, taking into account factors like employment growth, demographic trends, rental demand, and property values.
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20 May 2024 | 3 replies
Everything will be split 50/50 and both parties agree not to sell until property doubles in value.
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21 May 2024 | 21 replies
Typically, we're able to finance 80% of appraised value, which ends up pretty good.
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20 May 2024 | 4 replies
Hey Ryan,Most lenders can typically offer up to 80% Loan-to-Value (LTV) with interest rates ranging from 7-8.5%.
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21 May 2024 | 10 replies
For instance, I get a lot of value from Caryse Eccleshall, because she is also female and has an aspirational demeanor.
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21 May 2024 | 10 replies
Ensure that the purchase price, rehab costs, and After Repair Value (ARV) are all reasonable and accurately assessed.
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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 | 13 replies
If you could add value by bringing in money for them, that is a great place to start.
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20 May 2024 | 32 replies
Although I will not be moving in, this professional paint job has added value to my rental.