25 July 2024 | 10 replies
You will be able to apply bonus depreciation on your federal return(this matters the most as the tax rate here is higher).
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25 July 2024 | 7 replies
Hire a cleaner or find out the hourly rate and document your hours.
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24 July 2024 | 0 replies
If some of you think now is an awful time to do this (re: interest rates) I'm open to being told to wait as well.
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23 July 2024 | 12 replies
My hurdle rate has always been 15% IRR assuming a 2% annual appreciation rate (I understand that is low but I like to be pretty conservative buy and hold investor).
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24 July 2024 | 17 replies
Take those plans to the county you intend to assemble the modular home and ask them if any additional construction would be needed to meet current building codes.
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23 July 2024 | 1 reply
A friend suggested setting the high school rating above 7 in the Redfin search engine, along with other filters, for my house search.
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22 July 2024 | 17 replies
The management company that I use insures tenants that they place that meet this criterion (also a minimum credit score, etc.).
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24 July 2024 | 1 reply
High paying local jobs.Monthly cash flow: $306 /moIncome: $2,250 /moExpenses: $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91% Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06%
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23 July 2024 | 11 replies
They sent a request and did not even try to negotiate the rate?
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25 July 2024 | 15 replies
@Eric MartelMr Martel, with the significant jump in interest rates the last several months, are you still finding buy and hold investors to purchase the properties after the flippers have done the rehab and placed a tenant?