
11 September 2024 | 38 replies
I've used First Choice for a couple of years for some section 8s in Birmingham, and they've been great.

11 September 2024 | 3 replies
Hi everyone, I’m from Independence Missouri, 22 years old and getting out of the military very soon.

11 September 2024 | 7 replies
or revenues dropped significantly last/this year due to seasonal weather events?

5 September 2024 | 1 reply
The company doesn't really have a "credit score" or "eviction history" so I'm thinking about asking for 1.5x or 2x monthly rent as a deposit (we normally do 1x month rent) just like I would for a tenant without established credit history.Thanks!

11 September 2024 | 17 replies
Hi, My name is Haiden, and I'm looking to purchase my first residential investment property within the year.

10 September 2024 | 18 replies
Or do they keep them higher now thats the 30 year conventional is dropping.

6 September 2024 | 9 replies
hello everyone, over the past couple of years we have purchased two single-family homes and also built a guest house on our property.

11 September 2024 | 1 reply
I started learning real estate investment to quit my full-time job and spend more time with my 3-year-old daughter as well as build cashflow to pay for her future private school tuition.

12 September 2024 | 6 replies
Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.

11 September 2024 | 0 replies
More advanced financials include IRR, Cash-on-cash return, Cap Rate, 5 Year Appreciation values, and all other high-value STR metrics for a solid long-term investment.I helped create the calculator, so if you have any questions, please feel free to reach out.