
5 July 2024 | 12 replies
A five year hold with the example reflects: Cash out refinance (NET tax free): +/- $215KCashflow assuming 6% interest at 900K: $42KDepreciation write-off: $150KRealized income: $407K ($81K per year)Now, paying $800K for an asset which might be actually worth $750K (6.5 CAP) seems worthwhile.

7 July 2024 | 1 reply
At present, a fully drawn $250K HELOC with (optimal credit) would offer an indexed rate based off of Fed Funds or Prime + 3-4% rate (depending on LTV, Property Type, Credit and LA) currently pricing at between 8.5-11% (11.5-13% w/lower credit) and interest only payments of +/- $2000 but the qualifying rate and payment for underwriting would be nearer $2300+ (on the low end) plus the 1st mortgage, and accurate taxes and insurance.

5 July 2024 | 19 replies
So, if your BRRR budget uses the entirety of the $80K it would make me real nervous because then you don’t actually have free cash to cover that bad case scenario.

6 July 2024 | 8 replies
As for other properties, you can use websites showing tax records here https://www.crimpr.net/ and perhaps use skip tracing services like TLO to find owners.

8 July 2024 | 13 replies
All the freelance sites basically provide the same low quality results (they usually have sites where they farm backlinks) and can increase the "toxicity" of your site but for pennies on the dollar of what local companies charge, it's not a bad start.The best way to increase SEO over time is Blog posting though, and it's free.

6 July 2024 | 12 replies
Visits by service folks were for a clogged shower drain ($75), a problem with the fridge (user error, $75) and replace a broken toilet seat (free, boyfriend of cleaner knocked it out.

7 July 2024 | 4 replies
The way I heard it explained is that you take over the existing mortgage and then you can either rent it or transfer the mortgage to someone for free but the videos I’ve watched never say anything about giving the seller anything other than money down to lock it up.

8 July 2024 | 6 replies
.- Looking for rental friendly area- Want to be close to the beach / downtown Charleston- I am more interested in Johns Island due to tax dollars being put into that area#1 What does a good Charleston deal look like?

4 July 2024 | 7 replies
Consulting with a tax professional can help ensure you meet all IRS requirements and maximize your tax benefits.

7 July 2024 | 11 replies
For taxes, I have a small notebook where I keep track of rent, strata fees, insurance, repairs, etc.