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Results (10,000+)
Charlie Zelaya Starting the process on my first fix n flip
28 June 2024 | 18 replies
This will be used for repair cost and down paymentAny advices going forward?
Julie Muse Peter St Flip: Big Returns in Duquesne with Mike & Laurie!
25 June 2024 | 0 replies
This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.
Jose Laffitte New Investor in Florida
28 June 2024 | 7 replies
You will cut your cost of living down, and build equity at the same time. 
Julie Muse Jenner Circle Flip: Major Profit in Modesto with Seth Choate!
25 June 2024 | 0 replies
This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.
Eric Justice All CASH-Buying property
28 June 2024 | 13 replies
My point is that in a market where overall demand is unbelievably strong, the opportunity-cost numbers are not that strong for an all-cash, or any for that matter, acquisition relative to past history. 
Henley Smokey Is an individual guarantor necessary when leasing to a company?
26 June 2024 | 2 replies
The company's legal counsel has said a guarantor is not needed, citing the company's annual revenue and an employee, effectively, being unwilling to cut a check on behalf of their employer.
Katriana Boncorddo $420K duplex too much for 99K salary?
28 June 2024 | 1 reply
My plan is to use FHA, 3.5% dp, seller covers closing costs
Arkadiy Iliyayev 30% Vacancy Rate on 40 unit Apartment Complex Need A Leasing Expert
26 June 2024 | 4 replies
Look into their marketing efforts, tenant screening processes, and response times.Service Audit: Conduct an audit of the services provided by Ace Management and Reality to ensure they are actively marketing your properties and maintaining tenant relations effectively.4.
Aaron Dubois Trying to replace my mom's income with short term rental income.
26 June 2024 | 33 replies
The Geodomes and other smaller structures seem to be the more cost effective strategy.
Rabia Khan Should i use part of a home equity loan to put a down payment on another house?
29 June 2024 | 4 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.