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Results (10,000+)
Trevor Dominique Info you are able to request while analyzing a property
5 April 2018 | 3 replies
Are there major repairs needed that you (the seller) are aware of?
Max Householder Our First Investment Property: Year 1
9 October 2018 | 6 replies
I found posts like this to be helpful when I was first learning about investing in real estate, so hopefully someone on here can get something out of it.Our goals were to cash flow $100 per month per door, have a cash-on-cash ROI of 12%, and achieve a total return of 20%.Purchase price: $179,900Our loan is a 30-year fixed rate residential mortgage at 4.25%25% Downpayment: $44,975Mortgage Payment (Principal & Interest): $663.75Operating Income$26,435 scheduled gross rents (4 units)$(1001) vacancy$600 garage rent$11 interest$26,045 gross operating incomeOperating ExpensesProperty Management (10% of gross rents): $(2543)Leasing fee for new tenant placement: $(550)Sewer: $(1397)Water & Trash: $(1232)Lawn care/mowing: $(350)Gas & electric during vacancy: $(228)City occupancy inspection aka government extortion fees: $(183)Maintenance & Repairs: $(3594)Property Taxes: $(2009)Insurance: $(983)$(13,069) gross operating expenseNet Operating Income: $12,976Mortgage P&I: $(7965)Cash Flow Before Taxes: $5,011Cash-on-cash return: 11%Equity Accrued: $2275Total Return: $7286Total ROI: 16%We hit our cash flow number almost exactly at $104 per door while our ROI and total return came in a little under our projections, but pretty damn close.
Avery Mshawn My first deal maybe...
4 April 2018 | 2 replies
Repair estimate 5-9k.
Sam Mitchell Looking for a good general contractor in Chatt
5 April 2018 | 1 reply
I'm looking for recommendations for an honest, fairly-priced, and communicative general contractor for handling a few significant repairs.
Emanuel Vega Things you would have liked to know when starting with rentals?
5 April 2018 | 10 replies
I have found a great fixer upper that I believe will cash flow well but, do lenders frown upon adding the cost of repairs to a mortgage loan?
John Transue My story as military active duty using VA loans (2002-2018)
20 April 2018 | 4 replies
After talking with an attorney on if repair was responsibility of lower residence or my residence, knowing it was builder's fault but would be difficult/useless to try to get them to fix it 15 years later, we fixed the retaining wall for $9K. 
Jose Noriega A buyer has sent me their criteria and I have a question
5 April 2018 | 1 reply
*DOM Below 60 days*Purchase price up to $150k*ARV's within $200k and below $300k* Repairs needed at or about low to mid level"MY question is, what does this buyer mean by stating "Repairs needed at or about low to mid level".
Benjamin Riehle Big Win in the Tucson Market
5 April 2018 | 3 replies
With that knowledge, I was able to confidently invest in a SFH that only needed minor repairs to become rentable, to gain immediate cash flow, as I waited for the market to appreciate.The goal was to buy and sell within one year.Breakdown: Purchase date: 6/30/2017 Listed: $60,000 Under Contract (as the Buyer): $55,000 Acquisition Price: $46,250 Renovation Cost: $1,955 Total investment: $48,205 Ten months after the purchase, we are under contract on the selling side at $65,000.
Patrick A. Delayed Financing / Cash Out Refinance
7 April 2018 | 4 replies
Just ask the lenders if you can buy with cash and get your cash back out after the repair work is completed. 
Kari D. New driveway to add value to heloc appraisal?
4 April 2018 | 0 replies
Both the driveway and back patio are concrete pads that are cracked and broken (beyond repair).