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Results (10,000+)
Daniel Baker Considerations when selling.
19 February 2025 | 7 replies
If I sell the property for 130K, after assciated closing costs, I will basically break even.
TJ Dittmar Market Analysis for rental
15 February 2025 | 2 replies
I highly recommend you study this, practice it, and apply it.https://www.biggerpockets.com/blog/rental-property-cash-flow...Property Details:Type: Single-family homePurchase Price: $289,900Down Payment: 20% ($57,980)Loan Amount: $231,920Interest Rate: 6.85%Loan Term: 30 yearsMonthly Mortgage Payment:Using a mortgage calculator, your principal and interest will cost $1,515 per monthRental Income:Average Rent for Single-Family Home: $2,171 per monthOperating Expenses:Property Taxes: $300 per monthInsurance: $100 per monthMaintenance and Repairs: Budgeting 5% of rental income ($109 per month)Vacancy Rate: Assuming 5% vacancy ($109 per month)Property Management Fees: If outsourced, typically 10% of rental income ($217 per month)Total Monthly Expenses:Operating Expenses: $835Mortgage Payment: $1,515Total Expenses: $2,350Net Monthly Cash Flow:Rental Income: $2,171Total Expenses: $2,350Net Cash Flow: -$179 per monthConclusion:In this scenario, the rental income of $2,171 per month does not fully cover the total monthly expenses of $2,350, resulting in a negative cash flow of $179.
Bruce Woodruff Preparing for an appraiser?
27 February 2025 | 5 replies
I point it out on flips or old houses, talk about how much it costs, and I don't think I've ever had a buyer give a flip (pun intended).The other trick for a buyer's agent is 90% of the time, they'll never know who the appraiser is or when the appraiser is scheduled or what their contact info is. 
Praveen Kumar Rent to retirement
27 February 2025 | 10 replies
They sell a 4 unit for close to 1 million dollars close to Jacksonville. they want 250k or 300k down. there's no upside. you can google the properties on biggerpockets and there isn't a lot of satisfaction. it's a slow return and get rich slow strategy. our focus is always as a builder to add maximum value, lower cost as low as possible, build and rent and build and sell the same product and raise prices to help investors out. we have a large market share and large purchasing power in our market in columbus ohio. the one strategy I never liked about turnkey new build brokerage companies like them and build2rent or others is they don't really build close to urban centers and most are single family homes. the numbers don't work on single family homes. if single family was the way to go more companies would be doing it. but by far the most common type of new construction built is three story walk up apartments.
Bradley Victor Thomas Best software - probate and multiple properties
7 February 2025 | 2 replies
It costs roughly $100/mo but is well worth the expense.  
Brenden Stadelman Cold Calling agencies
16 February 2025 | 7 replies
Firstly, you can save costs by paying your VAs directly.
Ryan Kane Need Advice on Next Steps for my Real Estate Portfolio
10 February 2025 | 6 replies
Of course have your costs researched first bc the buyer will want to know how much it will cost them to buy.
Sean Spagnola Most valuable renovations for refinance
11 February 2025 | 5 replies
I see too many investors now, put a significant amount of money in rehab costs and over leverage themselves on hard money loans with low down payments, their properties are not selling and they are lucky to just payoff their current hard money loan via a DSCR refinance. 
Dallin Blank New to DFW market
20 February 2025 | 7 replies
Account for the cost
Rebekah Shields What would you do?
20 February 2025 | 7 replies
Since we aren't in that state it would cost more because we can't physically be there to track projects, network for contractors etc.