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9 April 2024 | 1 reply
Apparently I can’t count income from mobile home and income from storage units changes the type of loan and the property won’t cash flow with just the income from the single family.
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10 April 2024 | 12 replies
This criteria would imply that this land is near the grid, flat, and underneath the sun.LandWatchSan Bernandino Desert Land 80 acres Price: $58.8k seller finance at 320/monthTaxes $120/year = 12/monthTotal Monthly Payments 332/monthWeb BrowsingRental income from Renewable sites roughly $750-500/acre annual (62-42 monthly)80 acres at $500 annual = 40,000 annual 3,333 monthlyTotal Monthly Income 3,333/monthTotal Monthly Payments 332/monthTotal Preliminary CashFlow 3,001/monthAnnualized ROI 63%The land posting does not mention a down payment so I assumed 30yr financing at 5.25% to get roughly $320.
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9 April 2024 | 3 replies
I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more.i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)
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8 April 2024 | 4 replies
Currently, I've been outsourcing this task, but due to some recent success with helping people close on houses, I want to reinvest my earnings in a company or individual who can handle this for me.Specifically, I'm looking for a small business that could benefit from some financial backing to expand their operations.
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8 April 2024 | 22 replies
I earn much higher returns than I ever did as a rental investor, with almost no work required on my part.
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9 April 2024 | 24 replies
We currently have some money saved up thats sitting in a bank account and waiting to be invested, but I am not sure whether or not to invest in an airbnb for more potential cash flow or a multifamily for a steadier income.
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8 April 2024 | 5 replies
It would also be nice to earn a little interest on the cash in there so I want to open a 2nd bank account under my LLC, but several banks have turned me down.
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9 April 2024 | 8 replies
The rental income is the majority portion of my income which is where my problem is , my other work mostly consists of working for my grandfather in the Ag department.
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9 April 2024 | 6 replies
I am all for real estate investing and preparing our future so we can be financially stable from real estate and not have to rely on our W2 income to survive.I have been investing for four years now and have a few properties under my belt.
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9 April 2024 | 11 replies
You are paying ordinary income rates on the interest -no way around that.