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29 November 2024 | 6 replies
If this is done, then 75% of the gross rent for your current primary can be used to offset the mortgage debt of that property to 0.
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29 November 2024 | 11 replies
There is no downside to having a slightly larger machine.
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30 November 2024 | 1 reply
I’m trying to utilize 1% rule and it’s tough with current market
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7 November 2024 | 3 replies
Looking for advice on renting to an individual on a rental assistance program through the government.
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29 November 2024 | 12 replies
(It's up to you to figure it out.)
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7 November 2024 | 7 replies
If you don't need to sell to buy out there, you want to see what your cash flow would be when you leave before making a decision.
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29 November 2024 | 8 replies
@Jim Reynante Appleton is a good place to invest!
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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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8 November 2024 | 0 replies
We have a lot to be excited about in our market!
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29 November 2024 | 2 replies
Try to narrow down your options to the top 3-4.