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13 October 2018 | 4 replies
In fact it would take years to make that much from cash flow.Using your numbers:$150,000 property$30,000 down + $30,000 repairs = $60,000 total investmentAfter repair value $200,000 = $20,000 in equity gained or 33% ROI + cash flow$200,000 property$40,000 down + $0 repairs = $40,000 total investmentAfter repair value $200,000 = Only return is from the cash flow as compared to the $40,000 you put downIt seems to me that fixing up the homes made you far wealthier.
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22 October 2018 | 14 replies
I'm not exaggerating when I say this property does not need any major repairs (at least obvious) or even paint touch ups.
14 October 2018 | 9 replies
@Jason Hunt this is a really tough question to answer as it totally depends on your goals (build wealth or reduce debt).
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15 October 2018 | 3 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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15 October 2018 | 24 replies
Current rents total to $6600/month.
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14 October 2018 | 1 reply
My lingering question is where you source each piece of information to plug in to the calculator.If I'm trying to evaluate the total income minus the total expenses, and as a result the cash flow and ROI, where do I find all the different values that go into it?
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14 October 2018 | 7 replies
@Russell Brazil I agree with Russ totally depends on what kind of real estate.. keep in mind that when you ask this on BP 90% of those on this site will gravitate to the only real estate is rental either sfr or small plexs or MF.. there are many many other types of real estate .take for instance in my mind one of the safest and most passive is investing in land in the path of progress.. pay cash and hold it.. nothing to it.. over time if you buy right or you buy a timber tract with middle age marketable timber species like Doug Fir or white pine west East … these are very solid long term safe investments that you just make and sit and wait.some of the biggest money made in real estate though is land in the path of progress.. this keeps you immune from the ups and downs and risks of tenants..
16 October 2018 | 10 replies
If you would be so kind to share with me:How many properties do you manage, how many units in total?
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6 November 2018 | 4 replies
Your mileage will obviously vary, just don't forget to count the HOA fees in your calculations.
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15 October 2018 | 6 replies
Meaning that the multifamily must go into my personal name.If I quitclaim the property to the LLC after closing escrow on a commercial loan, I have heard such action could trigger a “due on sale” clause whereby my total loan amount could become due and/or I could be required to pay a prepayment penalty.Without the LLC, my tax structure is less favorable and I am exposed to personal liability.Any guidance on this situation?