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19 September 2015 | 8 replies
Taxes = $4,519.00 Insurance = $1,737.96Repairs = $3,500 (This is either an estimate or due to the renovations for the one vacant unit)Down Payment = Because this is a 5-plex, I'm under the impression that I need a commercial loan which would require 20% down of whatever my offer is.
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20 September 2015 | 5 replies
I have one single family rental unit(zillow estimate $650000).
21 September 2015 | 1 reply
Already have estimates from contractors)Once purchased, will take out equity loan for 6k and and use for repairs.
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22 September 2015 | 10 replies
Don't under estimate having a W2 job with a respectable company.
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22 September 2015 | 5 replies
If anyone has input on how to get the best estimates for rehab work I would love to hear them. i.e. estimating tools, etc....
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23 September 2015 | 7 replies
It was initially supposed to be a buy and hold (rental) but after going over the rehab estimate due to some extremely unfortunate and unforeseen issues, it will be a straight flip.The beginning of this journey definitely hasn't been all fun and games though.
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24 September 2015 | 13 replies
Plus people such as Wendy Patton have been super successful completing lease options, and I can accumulate a vast amount of properties generating income every month.
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2 January 2016 | 60 replies
Appreciation organically is also just a guess, you can't guarantee it will happen or when, or how much, it is only an estimate.
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24 September 2015 | 5 replies
One property is 3 bedrooms condo around 1200ft asking $65k and estimated at 74k.
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29 September 2015 | 2 replies
You would have to have an alternate way of accurately estimating the value of the house and also have information on the current balance of the mortgage.