Hunter Goorsky
NEW Investor in the Joliet area đźŹ
22 January 2025 | 9 replies
There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.
Kelsey Woodard
New to real estate & building a pocket neighborhood!
26 January 2025 | 4 replies
Fair question.Â
Maxwell Silva
How do I market myself as a new agent?
25 January 2025 | 26 replies
Always end with a question.
Ghita Mueller
my second investment
24 January 2025 | 3 replies
Couple questions for you, as I am an agent and aspiring investor.
Nicholas Jackson
Prequalify possible applicants for my rental RentRedi
1 February 2025 | 3 replies
My question is, for those that are familiar with Rent Redi, are the instructions to confusing for most people to follow and fill out the prequalification form and I should simplify the process, or should I consider the instructions of the prequalification form a way to weed people out and if someone isn't willing to follow through with those steps I should consider that in the type of tenant they well be?
Jeffrey Bourque
Found a Deal but Not Sure
27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
Robert Spiegel
Security Deposit Deduction: What is reasonable for cleaning
21 January 2025 | 10 replies
@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.
Parker Robertson
Rent to Retirement Academy Experience
25 January 2025 | 17 replies
I'm happy to answer any questions anyone may have!
Stacie Casella
Investing in Clarksville Tennessee
26 January 2025 | 3 replies
I'd be happy to connect further regarding your questions about more specific and nuanced details.Â
Ryan Treacy
What Do I Need to Know to Be a Landlord in Indianapolis, Indiana?
21 January 2025 | 4 replies
I'm a realtor and investor in Indianapolis and happy to share some insights tailored to your questions.1.