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11 June 2024 | 30 replies
I am going to be paying 10k a month in mortgage , perhaps renting out the other units for 2.5k a pop.
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10 June 2024 | 25 replies
I pay in the area of $240 per month, but that will differ depending on the property.
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10 June 2024 | 4 replies
The first approved applicant is offered the rental and I give them 24 hours to pay the deposit and sign the agreement.
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11 June 2024 | 12 replies
I have The same thing going on with direct burial with house built-in the 70s and they're telling me I have to pay for trenching conduit at cable.
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10 June 2024 | 20 replies
You can charge your tenants back or pay for the metering company to charge them for you.
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7 June 2024 | 9 replies
G'Day guys,Lately, I've been super duper pissed off with our investors that I decided to keep all of the deals for myself 🤷♂️I've always preached that there is not a single deal that we sell that I wouldn't be willing to keep for myself.So there's that lolJust picked up a 6 unit which us humble Ohio folk would consider an A class area (Sorry East and West Coasts as our A class is your Z Class lol)$160,000 purchase price$50,000 rehabCurrent rents are $3,000 per monthOptimized rents will be $4,000 per month.BPO before purchase $220,000 - $250,000ARV $350,000ARV with interest rates at 6% potentially $400,000+Cashflow = S#%$ load $$$Granted, it took 4 months to get the contract signed and we had to go to McDonalds 4 times to meet with the seller so sign each page individually single time lolYep, it was one of those.All in all, great deal and they are definitely out there.Working on another one now that will be converted into a duplex and is located in a top notch school district.Somehow picked this one up for $20,000 and needs $45,000 in rehab.ARV is $110,000 conservatively Combined rents will be $1,300pm.Ohhh yeah, almost forgot.Also, picked up a SFH from a wholesaler believe it or not for $20,000 that after inspection needs around $15,000 in rehab.ARV all day long is $80,000.Says WHO there aren't any good deals???
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10 June 2024 | 22 replies
My client and I have done well in negative cash flow, but its a far better deal then paying rent.
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10 June 2024 | 1 reply
I would like to know what my options are to make sure tenants in a duplex are actually paying their water bills.
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11 June 2024 | 7 replies
I know there are restrictions on how you can use the proceeds from your SDIRA investments and I do need the flexibility to pay myself out of the cash flow from real estate investments.
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10 June 2024 | 5 replies
Note, you don't "Take over" the mortgage typically, you just pay as the successor once you legitimately establish yourself as the successor (Will, Trust, Court Order).