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19 July 2024 | 4 replies
Are there any restrictions on re-selling it also as a subject to to a new purchaser?
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16 July 2024 | 12 replies
Mortgage, Taxes, Insurance, HOA: $3040.37Estimated rent: $2475Total Expenses: $3660.12Vacancy (5%): $123.75Repairs (5%): $123.75Capital Expenditures: $100Property Management (11%): $272.25Information when I bought the house in 2022, new constructions Purchase Price: $373000Purchase Closing costs: $4662Current home value: 400k-420kCash Flow: $2475-$3660.12= -$1185.12; -$71107.2 at 5 yearsCash on Cash Return on Investment (CoCROI): 0%Appretiation per year (6%); $535,290.23 at 5 yearsEquity: Loan value $345,089.53 at 5 years; $190,200.47 in equity at 5 yearsLoan Value today 6/2024: $368,201.59Total ROI in 5 years= (Total profit/Total Invested capital)/ Time (in years); Total profit: $190,200.47Total Invested: $71107.2 (neg cash flow) + $42757 (closing sale costs)= $113,864.20Total ROI (5 years)= ROI 67%, annualized ROI 10.8%My biggest concern is that I am relying solely on appreciation and assuming will appreciate at 6% per year.
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19 July 2024 | 0 replies
Purchase price: $98,000 Cash invested: $31,000 Sale price: $166,000 We acquired 1212 Ridgmont from a wholesaler, and it turned out to be a straightforward rehab project.
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19 July 2024 | 6 replies
I am looking forward to connect and purchase a investment property.
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19 July 2024 | 2 replies
Purchase price: $22,000 Cash invested: $35,000Currently rented. 1999 3 Bed 2 Bath Mobile Home Updated kitchen and master bath.
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18 July 2024 | 12 replies
Hello all,I spoke with a mortgage broker today in regard to purchasing a home in FL for my retirement in approximately 9 months.
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18 July 2024 | 7 replies
We purchased a house back in 2017 for 140k that is now worth approximately 265k.
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18 July 2024 | 0 replies
Purchase price: $290,000 Cash invested: $20,000 Sale price: $390,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a deal on Cypress Place, Los Banos, CA.
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18 July 2024 | 2 replies
I have read books and watched some videos on getting started with rental properties and I want to purchase my first one before the end of 2024 if possible.