20 September 2017 | 11 replies
Total commission in DFW is typically 6%, split evenly.
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15 September 2017 | 9 replies
Also, What would your total cash flow be (including your cabin with the refi on it, minus the monthly loan amount) if you finished BOTH the other 2 cabins?
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13 September 2017 | 14 replies
This is important to show your lender so you get credit for your payments towards your total DP at the time of closing.This will buy you time to get the rest of the funds, and also lock up the property.If you negotiate a longer Option period than from now to 4/18, you will have a longer time to get your funding in place, and get a larger total DP credit.
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12 September 2017 | 7 replies
Probably about most you would be looking at would be to increase the debt to 80% of value, or a total debt of just a million.
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13 September 2017 | 3 replies
Don't think I've got a choice on that.Feeling passionate about how the situation is lame is totally reasonable.
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13 September 2017 | 5 replies
Many online mentors from articles ,seminars, and podcasts have said to get up and start now.
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9 November 2017 | 43 replies
Im $140,000 in debtNOI: $6,944.00Cash on Cash ROI:17.56%Monthly Cashflow:$439.09Income-Expense Ratio (2% Rule):1.96%Total Initial Equity:$94,000.00Gross Rent Multiplier:1.89Debt Coverage Ratio:4.15Purchase Cap Rate:27.78%Pro Forma Cap Rate:5.79%
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12 September 2017 | 2 replies
Purchase price: $125,000 (assuming offer is accepted)Down payment: $25,000 (20%)Financing: 30 yr @ 5% = $540 /moInitial rehab: $5,000Closing cost: $2,0001st yr Insurance: $1440Taxes: $120 /moInsurance: $120 /moVacancy: $150 /mo (8%)Maint/Cap-Ex: $270 /mo (15%)TOTAL EXPENSES: $1200Rent: $450 /unitTOTAL INCOME: $1800Cashflow: $600 /moCash on Cash: 21.5%Here is a link to the listing if it may provide more insight:Quadplex ListingThe unit is located on a decent street in a very small town (<10,000).
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1 October 2017 | 55 replies
Not too sure on the jurisdiction in the part your 4-plex is in but I would totally look into.
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12 September 2017 | 4 replies
Appears in pretty good shape from an online search.