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Results (10,000+)
Ahmad Moore To hire an accountant or cpa
20 April 2024 | 6 replies
Hello,I have 10+ buy and hold properties and I’m trying to decide should I hire an Accountant or a CPA?
Account Closed Flippers, how did you figure out accurate pricing/negotiations with contractors.
21 April 2024 | 29 replies
Some rough numbers , Price $520K add 15K closing = $535k  New windows and siding $40K = $575k overgrown lot and landscaping $5k =$580K  Kitchen , bathrooms , paint , flooring $60k ( on the low end) New deck it was rotten  $20K They are now in at $660K  This doesnt include holding costs and what ever I missed .
Tricia Heagle Experience with Church Conversion - Rookie asking
18 April 2024 | 6 replies
The current owners gutted the inside down to the support walls.
Tomoko Hale Hold or do something?
17 April 2024 | 4 replies

We purchased 40 acres lot that is very closed to a lake in Idaho.  We wanted to build a cabin for us but learned there is nothing and off grid so it has been sitting there for last three years and paying the property ...

Trevonta Crawford Seeking Advice on Rebuilding from Zero After a Life-Altering Event
17 April 2024 | 2 replies
I'm reaching out today because I find myself at a crossroads in life and could use some guidance and support from this amazing community.A little background on my journey: I've been through some ups and downs, starting as a mailman and later transitioning into a CDL driver.
Kate Stoermer Michigan Proposed STR Legislation Update
18 April 2024 | 1 reply
MiSTRA - the newly formed Michigan Short-Term Rental Association, does not support these bills as currently written and testified against it - we did a good job to be balanced and offered some ideas for improvements that could be much more favorable.
Michael Goodman Help Look Over My Quick Underwriting
17 April 2024 | 5 replies
Property: HereComp: Here (Sold on 8/1/2022 same street)84 Grangerford Hts, West Henrietta, NY 14586Listed : 100kHML at 80% of ARV (240k) = 192kInterest only payments (10% interest)(192k x .10) /12 = $1,600/monthPoints = 2 (192k x .02) = $3,840Loan origination fee's = $1,000Additional monthly holding costs:- Taxes (5k/12) = $416- Insurance = $60- RGE = $120Total monthly = $596Duration of rehab = 6 monthsInterest only ($1,600 x 6) = $9,600Points = $3,840Origination = $1,000Holding costs ($596 x 6) = $3,576Total Holding costs = $18,016Loan amount of 192k:Subtract:- Purchase price = 100k- Closing costs (4%) = $4,000- Rehab = $50,000Totaling = $154,000Remaining balance on loan= $38,000Sale at $240,000:(-) (Realtor fee's (6%), closing costs (4%)) = $24,000(+) $38,000 Remaining from HML(-) Holding costs ($192,000 + $18,016) = $210,016Profit ($240,000 + $24,000 + $38,000 - $210,016) = $43,984 - (capital gains at 22% completely estimated) = $34,308Buy and hold:Appraised at $240,000.
Ahamed AM Ali Buying Investement Property in Roseville CA or Sacramento CA
19 April 2024 | 9 replies
Please feel free provide your thoughts and advise.Thanks in Advance Hello Ahamed - You mention SFR and 2 cities, but to give you better answers, can you please explain your top priorities for the investment and the anticipated holding period?
Alex S. Escrow shortage, so Mortgage going up to cover it, and losing cashflow on Rental Prop
19 April 2024 | 9 replies
I have 2 other rentals that ideally can subsidize this, so, would I be better off holding onto it for the long haul and evening out eventually, or selling the property and getting something else?  
Tiffani Suarez Multifamily investing PML funding
19 April 2024 | 5 replies
Primarily buy and hold SFR.