
19 May 2024 | 20 replies
@Sylvia Castellanos You are correct about the videos.

20 May 2024 | 2 replies
Plenty of homes are slab on grade without basement.

20 May 2024 | 12 replies
I'm looking for ready to assemble (RTA) that do not have any particle board or OSB.Found RTACabinets.com which seems interesting but I'd like to look at some in person if possible, maybe even LA County.Current quote from HD (Home Depot) for their ready made in inventory cabinets is $2600, those are particle board low grade cabinets.I'm going to bet Kevin Fox replies in this thread.

22 May 2024 | 9 replies
Is this up to me to make sure I have a high end contractor to review and quote the property?

22 May 2024 | 10 replies
That high down payment of $100,000 also helps reduce the risk quite a bit since it gives you a good chunk of cash right away and reduces the loan amount your buyer needs.To get a clearer picture of your return on investment (ROI) and your annualized ROI (CAGR), let's break it down step-by-step.### Initial Calculations- **Initial investment:** You bought the house for $235,000.- **Sales price:** $315,000.- **Down payment received:** $100,000.### Loan Details (After Down Payment)- **Amount financed:** Sales price - down payment = $315,000 - $100,000 = $215,000.- **Monthly payment from buyer:** $1,394.49.- **Loan term:** 30 years (360 months).### Calculating Total Returns- **Total payments received over 30 years:** $1,394.49 x 360 = $501,816.40.- **Total amount received (including down payment):** $501,816.40 + $100,000 = $601,816.40.### Calculating ROI- **Total profit (not accounting for costs like maintenance, taxes, etc.):** Total amount received - initial investment = $601,816.40 - $235,000 = $366,816.40.- **ROI over 30 years:** ($366,816.40 / $235,000) x 100 = 156.09%.### Calculating Annualized ROI (CAGR)The formula for CAGR (Compound Annual Growth Rate) is:\[ CAGR = \left(\frac{Final\ Value}{Initial\ Value}\right)^{\frac{1}{Number\ of\ Years}} - 1 \]In your case:\[ CAGR = \left(\frac{\$601,816.40}{\$235,000}\right)^{\frac{1}{30}} - 1 \]Let's calculate this:\[ CAGR = \left(\frac{601816.40}{235000}\right)^{\frac{1}{30}} - 1 \]\[ CAGR = (2.56)^{\frac{1}{30}} - 1 \]\[ CAGR \approx 1.0303 - 1 \]\[ CAGR \approx 0.0303 \text{ or } 3.03\% \]This means your annualized return is about 3.03% each year over 30 years.

22 May 2024 | 3 replies
It was a battle getting them to agree to the Purchase price so I highly doubt they will budge lower, especially with closing scheduled soon.

22 May 2024 | 27 replies
Orlando just opened Brightline high speed railway (Miami-Orlando with 2 stops i believe).

22 May 2024 | 13 replies
What doesn't work as well is the beginner who buys for appreciation in a high market.

22 May 2024 | 20 replies
And I'd highly recommend doing a once-per-year walkthrough of the property yourself, so you know the manager is working in your best interest.

22 May 2024 | 9 replies
I am worried about getting in with the prices being so high in the entire Portland area, but I’m more worried about not getting in and getting my real estate portfolio going.Best Regards,Justin