Johnathan Lomax
IL investor looking to Fix and Flip
12 September 2017 | 1 reply
Just from looking online I've noticed there's a lot for sale but also what would be good areas to invest in??
Michael Herring
Order of Exterior Photos for Condo Rental Listing
11 September 2017 | 1 reply
I had some very nice pro photos taken for listing the property online.
Mike Stephens
Inbox Etiquette - Denver Posters
16 September 2017 | 3 replies
I am a complete and total introvert.
Daniel Lin
HUD ANNOUNCES DISASTER ASSISTANCE #IRMA #Harvey
16 September 2017 | 1 reply
The "major disaster" declaration is totally inappropriate for the island of Vieques.
Troy H.
Has anyone gotten a mortgage through Bank of Ozarks?
11 September 2017 | 0 replies
The reviews I see online are not the best.
Jason Chen
First Rental Property in Sacramento, CA
16 September 2017 | 20 replies
I wouldnt say it has great cashflow like others who invest out of state, but to me this is good enough as learning curve.Here are my rough numbers:Purchase price $303000Repairs and Closing cost is about $7kDown payment is 25% Total invested about $83000PITI is about $1550.1 unit was rented and the other was vacant.
Meleneal Cameron
My mom's estate, No will established
24 September 2017 | 9 replies
If property records are online, check the names of the owner(s) of record.
Kevin T.
Mobile home park deal analysis
12 September 2017 | 4 replies
I found this lead just searching online for listed parks that fit my criteria...nothing fancy to it
Ridvan Hoxha
Have $100k+ to Invest. REI or Buy a Business Now and REI later?
14 September 2017 | 11 replies
I totally agree with you on the new restaurant thing and I would not do it at this point in my life.
Jordan Puffer
Excited About Our First BRRRR Deal
12 September 2017 | 3 replies
The numbers look good:Location: Broadway HouseNumber of Units: 1Rent: $1,350.00 Square Feet: 1,666 Upfront Costs:Cost per Unit $95,000.00 Price: $80,000.00 Cost per Square Foot: $57.02 Cap Improvements & Repairs: $15,000.00Cash on Cash Return:19.84%Total: $95,000.00 Debt Coverage: [minimum 1.6] 1.78 20%Down: $19,000.00Capitalization Rate (ROI)9.05%Current Assessed Value: $29,666.00 Loan Amount: $76,000.00 Net Cash Flow per month: $314.08 Interest: 4.88%Net Cash Flow per month per unit: $314.08 Term (yrs): 30Total Rent/Month: $1,350 GROSS SCHEDULED RENTAL INCOME: $16,200.00 Less: Total Annual Debt Service: $(4,826.40)Less: Operating Expenses: $(6,470.63)Less: Vacancy and Credit Losses (7%): $(1,134.00)NET CASH FLOW: 3,769 NET OPERATING INCOME - (NOI): 8,595 INTEREST: 3,680 DEPRECIATION: 3,455 NET INCOME: 1,461 Property Insurance: $1,000.00 Property Management (10%): $1,620.00 Placement Fee(30%): $405.00 Real Estate Taxes (5.06179%) $1,501.63 Repairs and Maintenance (12%) $1,944.00 Services: Snow Removal: 720 Utilities: Electricity: N/A Gas and Oil: N/A Sewer and Water: $30.00/mo Other