Aaron Hill
Heloc issues LLC
10 January 2025 | 6 replies
So before I transfer ownership back and start a seasoning period, I thought I would ask if there were any solutions I am not finding.
Jennifer Turner
How to modify terms of a seller-financed mortgage?
13 January 2025 | 8 replies
.: Quote from @Jennifer Turner: Has anyone ever sold a property with seller financing then later extended the repayment period or modified the terms of the loan with the buyers?
Kenneth Jenkins
Maintenance Expectations in Metro Detroit
3 January 2025 | 6 replies
Licensed with permits ~$3,250.HWT standard gas single family low efficiency without exhaust retrofit $900.Sand and stain hardwood floors, natural stain $3 per sf.Paint interior walls, ceiling trim and doors 3 tone paint scheme 2 coats $3.20 per sf (floor area cost includes paint)Click lock LVT flooring install overlay inclusive of prep and quarter round $4.50 per sf (materials and labor)Asphalt roof installation 3/1 - 800 sf bungalow with 2 layers of shingles - ~$7,900Standard porch cap replacement with 2 new precast concrete steps ~$2,500Used stove or refrigerator delivery and install $350New stove or refrigerator delivery and install $HD model specificUse this as a general guideline.
Keira Hamilton
What I Learned from Owning and Selling a Laundromat – Exploring a Different Asset Cla
6 January 2025 | 31 replies
I’ve come to think of this period of my life as my real world MBA, and view my laundromat as a fantastic starter business.
Harrison Jones
Building a Long-Term Affordable Housing Strategy
31 December 2024 | 20 replies
Let me break it down further to clarify the mechanics of the plan.Balancing Rental Prices with Financial Sustainability:The goal to drive down rental prices isn’t an immediate or universal adjustment—it’s a phased approach that leverages time, scale, and operational efficiency.
Leslie Beia
How To Calculate Returns When Using Debt Snowball Payoff
15 January 2025 | 2 replies
I am trying to calculate my returns over a 10-year period using the rent-by-room strategy, which results in significantly more cash flow than traditional rentals.
Luis Marin
Sell or Rent How do we identify what is best for us?
4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
Keith Angell
Seeking Advice on Financing Future Rental Property Projects
17 January 2025 | 8 replies
I was considering taking out a $240K HELOC with a 10-year draw period and pulling $160K from it to build the next rental property.
Jonathan Baptiste
What I learned after 1 year of house hacking
17 January 2025 | 11 replies
(Then we’d just start a commune, I guess.)The Setup: Living My Best (Small) LifeI bought a 2BD/1BA home with a private efficiency studio.
Mickey Petersen
Socal Multifamily Flip
15 January 2025 | 11 replies
I doubt if you'll have any issue with your hold period since it is all about your intent anyway.