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31 July 2024 | 9 replies
Good luck to all See this far too frequently as buyers have FOMO and think they are going to get this great cash flow.
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28 July 2024 | 17 replies
If it’s worth $330k why would you bid $350k?
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30 July 2024 | 2 replies
Purchase price: $60,000 Cash invested: $20,000 Sale price: $240,000 Lakefront duplex Denver Colorado.
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30 July 2024 | 1 reply
Rentals create cash flow, and that's what we want as real estate investors, but you need cash on hand for unforeseen circumstances.The AC needs to be replaced, that's $7K to $10K or more depending on the size of the house and if you have one rental, it will eat all your cash flow, same to replace a roof, etc, or if tenant trash the home, you need money to fix it again.To me personally a nice rental portfolio that is healthy consists about 10 units, so if you have an issue with a house the portfolio can cover the repairs and still healthy, but when starting you need to have cash on hand just in caseYes, there are multiple strategies you can use to hack your way to buy your first rental with minimum cash, but I would start wholesaling or fix and flip a few deals to create that cash as fast as possible
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31 July 2024 | 2 replies
If you're going after fix and flips then you'll need real estate-flip loans which are short term and high interest - in which case they care more about the property/deal than how leveraged you are (but they do still care, along with how much cash you're bringing into the deal) 3 - Similar question, same answers above. 4 - Yes... sitting on the market for 4 months is weird UNLESS that's the norm in the area.
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30 July 2024 | 6 replies
Thus, bringing the borrower’s principal and interest at $1,949.63.Net Cash Flow for this may equal $808.66, with a 14.12% Cash-on-Cash Return.In this scenario, the borrower is looking for $68,746.00 to fund the Entry Fee.
30 July 2024 | 5 replies
Purpose of the investment is positive cash flow.
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29 July 2024 | 1 reply
May be worth a go with vacant land...Go to the County Assessor's webpage and look for: HOW TO FILE AN APPEAL (THEN FOLLOW THE RULES)Contact the county assessor.
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31 July 2024 | 3 replies
Most of our housing stock is 60 to 120 years old and requires a lot of capex, especially the bottom of the barrel properties are typically fools gold, because capex will exceed cash flow over a few years.
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30 July 2024 | 0 replies
Purchase price: $140,000 Cash invested: $30,000 Sale price: $350,000 SFH - Long term hold