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23 February 2024 | 15 replies
You can see the effect on your equity position is of simply making the monthly mortgage payment using the rent payments.As others have said, there is no benefit to accelerating the pay down by adding extra payments no matter where they come from.Most RE investors will execute a cash out refinance at regular intervals to ensure that the equity stays in an acceptable range rather than growing too large.
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23 February 2024 | 35 replies
The LL in these units take noticeably longer to tenant flip units than large unit properties with dedicated maintenance personnel.- maintenance/cap ex at $192 is not enough to cover one unit.
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23 February 2024 | 4 replies
Hey @Cody Neustaedter currently in the norther Ontario region of New Liskeard it is an hour and a half south of Timmins being the closest large city center.
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23 February 2024 | 6 replies
I also invest in Indiana and don't see those large margins - a flipper there might make $10,000 to $40,000.
21 February 2024 | 51 replies
Websites like Zillow are not always accurate and can easily be manipulated to tell you what whatever score they want.
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22 February 2024 | 1 reply
Hello BP,I'm looking into purchasing a property in Sarasota, FL that is built on a large parcel and includes some vacant land.
22 February 2024 | 2 replies
This was an excellent breakdown, and very helpful.
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21 February 2024 | 7 replies
I have been a project manager for large scale custom homes for over 20 years.
22 February 2024 | 10 replies
For the latter, a great home owners policy with + a large umbrella insurance should mitigate it.
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22 February 2024 | 3 replies
For larger projects, i.e. a few dozen units or higher, developers usually are running a financial model in excel, like a proforma to solve to Return On Cost, i.e. 6%, etc.