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9 April 2024 | 16 replies
House hacking is about subsidizing your housing payment and eliminating or lowering that monthly burden which is your biggest expense.
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9 April 2024 | 6 replies
We've had our share of CAPEX expenses on a few of our buy and holds which definitely takes away from the Piggy Bank.
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9 April 2024 | 21 replies
all the time, so I try to every now and then share it with others and answer any questions.Location: Metro DetroitPrimary target: Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 8-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-7%+ (has been double digit for last decade)Location: C+, B- Some Notes:- I don't actually save 15% for vacancy, maint, capex any more.
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9 April 2024 | 7 replies
That would cut into your expenses a good amount, add property taxes, insurance, property management, repairs, capex, and a small vacancy rate and you can see that number starts to go down rapidly.
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8 April 2024 | 21 replies
In Kissimmee especially we’re seeing vacancies of ltr of 80 days on average and rental rates under $2200.
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9 April 2024 | 13 replies
On average, 80 people move into Columbus weekly.
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8 April 2024 | 0 replies
I have found a number of other users posted this question in the forum over the years but I cannot find a resolution anywhere.The way the Rental Property Calculator derives the "Profit if sold" number seems to have an error in it if you are using the function to increase the rental rate and expenses each year.
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8 April 2024 | 4 replies
Recognize that it's unlikely that everything stays conservative in how reality unfolds - chances are, between rent growth, appreciation, and interest rates, something is going to move at an above-average pace.
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9 April 2024 | 1 reply
We ended up putting $180,000 additional into the property to cover operating expenses, which we were able to reimburse ourselves through the warehouse property sale and operating profit since 2023.
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8 April 2024 | 23 replies
This gives me a Net profit of 82K which is an Average Annual ROI of 57.4% based on the total 18k investment.