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10 June 2024 | 15 replies
Now, it seems like the goal would be to keep that property in the long run, so you would want to Refi that in a few years when rates come down and you again can qualify for a more traditional mortgage, but there could be a path to getting around $100k and taking the next few years to focus on banking cash flow and possibly expanding.I know, it's a bit out of the box, but if we were just blue sky talking about a solution, it's possible.
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10 June 2024 | 6 replies
Structure the acquisition properly, proper leverage on fixed rate debt, ample cash reserves, and run the asset professionally.
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9 June 2024 | 25 replies
We've started looking at higher cash flow markets right outside of Indianapolis.
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9 June 2024 | 5 replies
We have lost so many good opportunities to cash bidders it isn't funny.
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9 June 2024 | 9 replies
Looking like I'll keep maybe 5k in the deal but it will cash flow about $400 for me.
9 June 2024 | 7 replies
I would like to raise more capital for purposes of submitting all-cash offers.
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9 June 2024 | 4 replies
My experience is entirely in Cleveland, OH but I've heard Bentonville is providing good cash flow
9 June 2024 | 6 replies
Below are the key data points:- Gross Rental Income: $118K (I received the rent roll list from agent)- Effective Gross Income: $112K (I'm assuming a 5% vacancy factor)- NOI: $56K (I'm assuming 50% Operating Expenses - inclusive of 10% property mgmt costs, repairs & maintenance and CapEx reserves)- Recommended PP: $623K (Market CAP rate is at ~8%; I used 9% because I want the Cash on Cash return to be 10%+ with a 30% DP at 7.2% interest rate and 30 yrs term)- The asking price is $1.25M.
9 June 2024 | 8 replies
The property cash flowed well and covered our expenses in 2021 and 2022 with short-term rentals and about 80-85% business use, but it did not rent as well in 2023 (oversaturated rental market, change in travel restrictions, weather etc...) and dropped to about 65% business use and a negative cash flow of about $15K.
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9 June 2024 | 40 replies
I’ve since refinanced this and now it cash flows about $250/month.