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6 August 2018 | 12 replies
Unfortunately, going in person is by far the best bet, but I know how inconvenient it can be.
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2 August 2018 | 5 replies
Each Partner could contribute a different percentage of the total and could be treated differently.
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30 August 2018 | 16 replies
The other units we gutted to studs and totally remodeled and leased out for a higher market rate. 3 weeks ago I started the process to refi (I paid cash.
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3 December 2018 | 30 replies
I’d bet on my abilities any day over leaving my money with Wall Street to handle.
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2 September 2018 | 11 replies
So what i guess what ime trying to say your on a great track, totally believe in RE.
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29 August 2018 | 6 replies
We started with a total of $50,000 from 3 partners and a promise of an additional $30,000 from one of the partners.
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31 July 2018 | 0 replies
I bet there are government loans out there for this.So what if you bought an entire block of apartment buildings, filled with section 8.
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14 September 2018 | 25 replies
As for cash flowing areas, it's a total crap shoot.
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4 September 2018 | 2 replies
Take for example the following:Rental Property that is for sale near where I live:$80,000 property that doesn't need any repairs (essentially turn-key that I will self-manage) - $900 rent $16,000 down with $2,000 closing costs - Total All-In: $18,000Assuming 5% vacancy, $1,000 in taxes, $800 for insurance, 5% for maintenance, and a buffer of $200 a month, I would cash flow roughly $3,300 a year.https://www.calculator.net/rental-property-calcula...I've been around this forum to know that people will say things like 'well your vacancy/taxes/capex is way too low.'
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5 August 2018 | 6 replies
So here are the numbers....Property sale price is $11M (50 unit built in 2017, 98% occupied, rents on par with market)Rental income totals $860K (rents plus all fees and garage rentals)Expenses total $240KAble to secure a 75% LTV mortgage at 4.85% (30 yr amortized, 7 year then balloon) coming to $522KThis leaves $100K for the year.