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19 November 2024 | 1 reply
I wanted to share this information and keep it here for myself as well.
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16 November 2024 | 2 replies
A lot of people are turning to real estate investing as a "way out" but they don't understand how long that runway is.
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24 November 2024 | 1 reply
The picture they used was more of a B or C market location.
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19 November 2024 | 5 replies
But, that is not always the right answer and you should speak with someone familiar with your personal situation to get advice specific to you.
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13 November 2024 | 2 replies
I'll dm you with my info.
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30 November 2024 | 0 replies
On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?
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17 November 2024 | 0 replies
Here are 10 tax tips every homeowner should know:1️⃣ Mortgage Interest Deduction: Deduct interest on loans up to $750K!
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15 November 2024 | 5 replies
Save yourself some time by creating a detailed bullet point list of all of the criteria you look for in a deal - and be specific.
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18 November 2024 | 3 replies
If you can do this, that would be best!