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16 July 2024 | 15 replies
I would also let them to to minimize costs incurred can we work together if I get someone who wants to look at the unit we get them access.
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17 July 2024 | 18 replies
Keep in mind you have carrying costs, selling costs and taxes.
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17 July 2024 | 16 replies
It's true that you can do a longer contract and most wholesalers do but also most wholesalers fudge the numbers and make the ARV much higher than what it's actually worth or the rehab cost is way too low.
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16 July 2024 | 18 replies
In Florida a big alligator on Real estate can be the insurance costs, and roof replacements.
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18 July 2024 | 31 replies
I dollar cost average, more or less, with this too.
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15 July 2024 | 24 replies
How you are marketing the property - is it being effectively pushed out to the right consumers in the right way?
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16 July 2024 | 12 replies
Mortgage, Taxes, Insurance, HOA: $3040.37Estimated rent: $2475Total Expenses: $3660.12Vacancy (5%): $123.75Repairs (5%): $123.75Capital Expenditures: $100Property Management (11%): $272.25Information when I bought the house in 2022, new constructions Purchase Price: $373000Purchase Closing costs: $4662Current home value: 400k-420kCash Flow: $2475-$3660.12= -$1185.12; -$71107.2 at 5 yearsCash on Cash Return on Investment (CoCROI): 0%Appretiation per year (6%); $535,290.23 at 5 yearsEquity: Loan value $345,089.53 at 5 years; $190,200.47 in equity at 5 yearsLoan Value today 6/2024: $368,201.59Total ROI in 5 years= (Total profit/Total Invested capital)/ Time (in years); Total profit: $190,200.47Total Invested: $71107.2 (neg cash flow) + $42757 (closing sale costs)= $113,864.20Total ROI (5 years)= ROI 67%, annualized ROI 10.8%My biggest concern is that I am relying solely on appreciation and assuming will appreciate at 6% per year.
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17 July 2024 | 3 replies
Rule number 2: The Option Consideration is NOT a deposit on the purchase, it's the cost of the Option Contract, and it should NOT be given as a credit toward the purchase of the property.
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16 July 2024 | 0 replies
When buying a Real Estate consider property tax new cost specially in today's Market.
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15 July 2024 | 2 replies
In 2023, 4.1 million existing homes changed hands, a level not seen since 2008 (which was effectively the trough after the housing crisis).