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Results (10,000+)
Sharron Ferrell Land Flipping Online Course
14 June 2024 | 8 replies
They are based on sending tens of thousands of pieces of mail to get deals. 
Jory Wilder STR Cleaner wants more money for longer stays ???
12 June 2024 | 17 replies
Cleaning fee should be based on cleaning the whole house.
Blaise Peterson This doesn’t make sense.
14 June 2024 | 17 replies
They may need a notice to quit their services, which may include listing. better to follow up on documentation to verify. 
Cynthia Fuentes How to start off as a Property Manager independently
14 June 2024 | 3 replies
Wanted to get feedback from others on here, 1) Am I able to start marketing my services without having a business name registered as of yet?
Farrah Buff Airbnb Cleaning in Washington DC
12 June 2024 | 7 replies
Also, does anyone use/have feedback on local Airbnb cleaning services?
Joshua Nuss New Invester - Reading for a couple of years, ready to take the next step
14 June 2024 | 10 replies
For a $300,000 property, this could be $6,000 to $15,000.Mortgage on Rental Property:Loan Amount: $240,000 (assuming 80% financed at 4% interest over 30 years).Monthly Payment: Approximately $1,145.Other Expenses:Property Taxes: Estimated at 1.5% of property value annually ($4,500).Insurance: Estimated at $1,500 annually.Maintenance: Estimated at 1% of property value annually ($3,000).Property Management Fees: Assuming 10% of monthly rental income ($2,400 annually if rent is $2,000 per month).Vacancy and Turnover Costs: Estimated at 5% of annual rental income ($1,200).Total Initial Investment and Annual Operating ExpensesInitial Investment:Total Borrowed from Equity: $150,000Down Payment for Rental Property: $60,000Closing Costs for Rental Property: $10,500 (average)Total Initial Cash Outlay: $70,500 (initial investment from equity) + $10,500 (closing costs)Annual Operating Expenses:Property Taxes: $4,500Insurance: $1,500Maintenance: $3,000Property Management Fees: $2,400Vacancy and Turnover Costs: $1,200Total Operating Expenses: $12,600 annuallyExpected ReturnRental Income:Assuming $2,000 per month, annual rental income = $24,000.Net Operating Income (NOI):Annual Rental Income: $24,000Minus Annual Operating Expenses: $12,600NOI: $11,400Debt Service:Mortgage Payment on Rental Property: $1,145 per month, $13,740 annually.Total Debt Service: $13,740 (rental property) + $8,592 (equity loan) = $22,332 annually.Net Cash Flow:NOI: $11,400Minus Debt Service: $22,332Net Cash Flow: -$10,932 annually (negative cash flow initially due to high debt service).Cash-on-Cash ReturnInitial Cash Investment: $70,500Net Cash Flow (first year): -$10,932Cash-on-Cash Return: Not applicable initially due to negative cash flow.Long-Term Appreciation and AdjustmentsProperty Appreciation:Assuming a 3% annual appreciation, the property value could increase by $9,000 annually.Rent Increases:Assuming a 2% annual rent increase, rental income will rise, improving cash flow over time.
Aimée Hennessy ISO Someone to Buy Half
13 June 2024 | 3 replies
Quote from @Aimée Hennessy: Asking strangers on the internet to partner with you is pretty risky.
Kit Jackson CIT Small Business Lending
14 June 2024 | 2 replies
This is an email I just received from their rep:"The initial appraisal cost would be paid by ReadyCap but the expense would be taken from any from the sale/refinance and settlement to release the lien.The plan would be to determine the amount of equity based on the updated appraisal and first lien and then negotiate a settlement with you for the release of the lien.
Bryce Peterson What is the best platform/program/app to start Private Lending?
14 June 2024 | 6 replies
Just a simple online way to keep track of the loan, that tracks & receives payments, and increases the loan amount each month based on the agreed interest rate etc.I'm going to keep searching online but I'm sure there's a wealth of knowledge here and I'm willing to bet some of you have used multiple platforms.Please let me know if you have advice.Thanks!!!
Andrew Dixon Cancelling my BP subscription
14 June 2024 | 5 replies
For me, who is on hte podcast has ZERO impact on my business and the benefits of a paid subscription for BP assist me in growing my business - and I make these decisions based on the business and not on emotions or my feelings.