
25 July 2021 | 1 reply
All of the bigger pockets books are solid as well.

28 July 2021 | 45 replies
The building is “downtown” – solid C-class.

3 August 2021 | 14 replies
Would love to hear if anyone thinks these numbers / assumptions are wildly off or too conservative.Acquisition CostPurchase Price = $200,000Closing Costs (at 2%) = $4,000Due Diligence (at 1%) = $1,500Up-front Renovation Reserve = $5,000Total Acquisition Cost = $210,500Financing:20% down payment = $40,00080% loan (likely a major lender, traditional 30 year loan) = $160,00030 year term @ 3.2% (educated guess with very solid credit)Monthly Expenses:Mortgage Payment = $691.95Property Taxes = $120Insurance = $55Property Manager (soup-to-nuts) = $159Other Variable Monthly Expenses = $40Capital reserve monthly deduction = $37/month (5% of net income withheld for capex)Assumptions:3 months to renovate / update post acquisitionProperty rents for $1,400 / month (and assuming a 3% annual increase)20 day vacancy assumption = 5.48% vacancy rateTenant takes occupancy month 3Annual expense growth rate of 3%Expected / Target Returns:Monthly IRR (w/ financing) = 15.48%Monthly cash-on-cash return (average over 5 years) = 2.79%Monthly Net Operating Income (year 1) = $798Capitalization Rate = 4.79%Kyle

26 July 2021 | 2 replies
( I know it would be an estimate only and I'd have to apply to get solid numbers)Thanks for any insight!

27 July 2021 | 30 replies
Scott M. gave solid advice.

29 July 2021 | 11 replies
Solid returns, cash flow + appreciation in multiple pockets.

11 August 2021 | 28 replies
You could do both.. pull out the equity in Hawaii and invest here with a solid PM team behind your back.

3 August 2021 | 17 replies
The Midwest is a solid area for investing.

7 August 2021 | 12 replies
We should definitely chat sometime - we have a pretty solid plan but always room for learning and improvement.

26 July 2021 | 1 reply
There are very few places that do favorable "Air loans" unless its a solid receivable situation but again not very favorable to the borrower.