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9 July 2024 | 5 replies
We moved out in June 2023, and since then, I've been renting it out, generating around $1,450 in monthly cash flow, not counting variable expenses.
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10 July 2024 | 0 replies
Purchase price: $215,000 Cash invested: $35,000 Sale price: $380,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Shannon Johnson, successfully completed a fix-and-flip on Foss Ave, Drexel Hill, PA 19026.
9 July 2024 | 1 reply
However they haven't had any other offers and it has been on the market for roughly 70 days.At the accepted offer rate our mortgage would estimated be:Year 1 - $5231Year 2 - $5750Year 3-30 - $6292Each of the 3 units would rent for an estimated 2-2.5k totaling roughly 6k-7500 per month in income depending on what we can rent each unit for.So with all that being said, conservative numbers the triplex would cashflow roughly 1k per month assuming we don't live in it and have all 3 Units rented.That seems like razor thin margins, especially when factoring in expenses so my question is:What is the cash on cash net return per month you would look for in a triplex deal like this?
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9 July 2024 | 6 replies
I have a little over 100k in cash.
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9 July 2024 | 3 replies
Hi, I'm wondering with the market like is right now, high interest rate and just having $30k cash and having a regular mortgage.
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10 July 2024 | 0 replies
Purchase price: $370,000 Cash invested: $20,000 Sale price: $435,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Graham Lyster, successfully completed a fix-and-flip on W.
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9 July 2024 | 2 replies
In unlikely scenario if it rents, will be cash-flow negative probably by 400-500.
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6 July 2024 | 6 replies
Hi everyone - I am currently exploring opportunities in the Dallas/Fort Worth area and would love to connect with experienced cash buyers in the area.
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9 July 2024 | 5 replies
All the book examples out there seem to only point to making cash offers on deals found this way.I realize that if it's too distressed, a bank won't lend on it and other financing will be necessary (hard money, partnership, private lenders, etc).
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9 July 2024 | 8 replies
The way it's marketed, you're supposed to make money in four ways: cash flow, capital gains, amortization and tax benefits.