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26 October 2018 | 0 replies
Good afternoon everyone, As an Out of State/ Long Distance investor, what services would you ideally like to have performed on your behalf?
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29 October 2018 | 8 replies
I just simply suggest to help in any way you can and put a realistic price on your service
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31 October 2018 | 11 replies
If you want to go units, try FHA or Home Possible and house hack (live in one unit and rent out the rest).Stephanie
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8 March 2021 | 13 replies
From what I've picked up, it seems capital is the hardest part of all of this, and once you understand that game, the rest should move fairly smoothly.
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22 November 2018 | 14 replies
When partnerships end, the best ones know exactly how it will go down...the rest fight and pay attorneys in the battle.
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2 November 2018 | 15 replies
As for the rest, there are major differences between Net Operating Income and Net Annual Income (or annual Cash Flow – which I consider the real measure of an investment performance, how much money puts in my pocket on a regular basis) and Cash on Cash Return on Investment.Net Operating Income is calculated before debt.Net Operating Income = Gross_Annual_Rent – (Vacancy + Operating_Expenses)Where Operating Expenses = Taxes + Insurance + Monthly HOA x 12 + Monthly Management Fee x 12 + Repairs and Incidentals (Warranty, Utilities if any paid by owner and/or during vacancy, CapEx reserves, etc., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).
28 October 2018 | 5 replies
In July I completed a lot of updates to the house (new well, new 200 amp electrical service and panel, new windows, replaced forced air ductwork, added a bathroom.
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28 October 2018 | 6 replies
If it's something pressing (e.g. no heat) I will go over after work and do the service call.
16 November 2018 | 2 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.
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21 April 2021 | 29 replies
Do you provide similar services as they do?