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Results (10,000+)
Jeffrey Bourque Found a Deal but Not Sure
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.
Laurieann Frazier-Duarte Commercial real estate
3 February 2025 | 8 replies
I'm buying and selling industrial.
Franklin Marquette ADU Valuation | LA County
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).
Annie Driscoll All inclusive trust deed
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.
Eric C. Avoid Working with Leslia Pappas of Archer Investors - Complete Review
18 February 2025 | 4 replies
Other RIAs who sell DSTs will provide documentation with their full analysis of each deal they recommend.
Sharma Parth Feedback on company Offer Geek in Flint, Michigan?
21 January 2025 | 14 replies
I ended up selling my property to wash my hands of it.
Keira Hamilton What I Learned from Owning and Selling a Laundromat – Exploring a Different Asset Cla
6 January 2025 | 31 replies
And selling real estate is usually easier than selling a business.
Chase Calhoun Build to Rent- BTR
26 January 2025 | 15 replies
The second home is under contract to sell for the same price, 257k. 
Vivian Belle Living abroad and Investing
26 January 2025 | 3 replies
I was living abroad buying/selling real estate mostly land, and some land with structures.
Melanie Baldridge A post on recapture.
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?