4 July 2013 | 21 replies
We will always try to relate our personal stories (the good and the bad) in with them, but I can't see us ever doing a show purely about our own personal stories.
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20 August 2013 | 3 replies
From a pure investment standpoint this is a mediocre return with the mortgage, however the upsides are:- I can save money as I will have an extra $1200 per month ($1,700 current rent - $500)- I will avoid the current NYC income tax of 4% on my salary-Benefits of mortgage tax deduction-I can take a loan on the property to put 50% down on a $200k multi unit home in a college area nearby (pure investment property)QUESTION; is this a good starter property given the low cash flow and mediocre return?
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15 February 2013 | 16 replies
If this is purely an investment property (and it sounds like it is), that could be part of the reason for the higher interest rate and level of resistance you're seeing.
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20 March 2017 | 15 replies
Some info about the deal:Background5 Unit MFH in a suburban areaGoal is to occupy one of the 5 Units as a 1st time home buyer.Property overall in good condition, no liens, no hidden surprisesNumbersListed price 300KGood condition, 5K repairsAverage rent: 800 per studioInsurance: $2200Tax: $4000CashflowThe following numbers were done using Residential financing 20% down at 4.5% interest on 30:Monthly cashflow as owner occupying and non property mgmt: $300Monthly cashflow as pure investment with 10% property mgmt: $1200Latest UpdateGood side: House is almost under contract.Bad side: All of my 3 residential conventional lenders backed out at the last moment after learning this was a 5 unit property.In summary, we have a great deal, but no financing.Any recommendation on how to approach commercial lenders on this case?
17 June 2015 | 5 replies
Now my dilemma, A property does not bring income, it is a pure equity play right now.
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1 July 2015 | 31 replies
A hard money lender saying to split the profits if u come up with 2500...sounds like a sad deal, the reason u go to them is to borrow money not make them money, to pay them back with some interest & u make money off it.I wud decline that but I wud be interested to hear what others have to say as I havent go that far yet, but purely based on knowledge I wud keep looking!
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31 May 2015 | 1 reply
So I bought a duplex last September and have had both sides rented. My one tenant moved out last week and I figured while it was open I would just renovate it all so both sides are completely renovated. Needless to sa...
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1 June 2015 | 18 replies
I don't count on making any money via appreciation of our properties there - it's purely a long-term cash flow investment
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21 July 2015 | 15 replies
To clarify this is our first rehab purely for profit that we aren't living in for some period of time.
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15 April 2016 | 4 replies
Nothing in there will bring you joy or make you rich.