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27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
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3 February 2025 | 8 replies
I'm buying and selling industrial.
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23 January 2025 | 6 replies
I have never seen a quadplex in Los Feliz / Silverlake sell for less than $2.00M.Now I did get a good deal on the house because it needed a lot of work, all in all will probably end up spending $500K between the ADU and the renovations (hopefully).
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23 January 2025 | 3 replies
You could sell the AITD to a note buyer who will pay off the underlying at closing - BUT the buyer will need to purchase the wrap for at least the amount of the underlying.
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18 February 2025 | 4 replies
Other RIAs who sell DSTs will provide documentation with their full analysis of each deal they recommend.
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21 January 2025 | 14 replies
I ended up selling my property to wash my hands of it.
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6 January 2025 | 31 replies
And selling real estate is usually easier than selling a business.
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26 January 2025 | 15 replies
The second home is under contract to sell for the same price, 257k.
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26 January 2025 | 3 replies
I was living abroad buying/selling real estate mostly land, and some land with structures.
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21 January 2025 | 2 replies
Newton's law of tax: What goes down must come up.Everyone enjoys the sweet benefits of bonus depreciation, but what happens when you sell?