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21 March 2024 | 12 replies
The more you use this Forum, the quicker you'll find what information to include in your posts.
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21 March 2024 | 0 replies
This sector caters to a wide array of tenants, including traveling professionals, students, and individuals in transition, offering them the flexibility and comfort of a home away from home.
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22 March 2024 | 13 replies
When I sell commercial multifamily, about 50% of the time my buyer pays me directly and about 50% of the time we include in our offer that the seller pays my fee.
22 March 2024 | 28 replies
If you hire a REALTOR®, the responsibility is theirs including the marketing and promotion finances.
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22 March 2024 | 19 replies
(including contractors, cleaners, etc)2. do 100 hours of material participation and that time is more then anyone else.
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20 March 2024 | 4 replies
Maybe not at the pace that homes are appreciating but if you are comfortable breaking even then I say go for it.
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21 March 2024 | 0 replies
Funded 100 percent including interest with private 401k money.
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21 March 2024 | 0 replies
Over the span of 5 years you will have paid $77,220 towards rent.However, you're $22,500 downpayment invested into the S&P index fund at our assumed rate of 10.13% compounded annually will be worth $36,236.48Leaving you a net living cost of $36,236.48 - $77,200 = ($40,963.52)Overall numbers after 5 years of house hacking:Expenses include: Principal, Interest, Taxes, Insurance, Repairs/Maintenance, and Private Mortgage Insurance.You will have paid $164,239.76 towards your principal and interestYou will have paid an estimated $20,914 in property taxes and insuranceYou will have paid $5,400 in private mortgage insuranceYou will have paid an estimated $10,859 towards repairs and maintenanceFor a total expense of: $164,239.76 + $20,914 + $5,400 + $10,859 = $201,412.76However, here are the positives to your net worth: Appreciation, Loan Paydown, Rent payments from TenantsYou're home will have appreciated to an estimated value of 560,7812 an increase of $110,782You will have paid down your loan by $26,742Your tenants will have paid $154,439 in total rentThe total benefits add up to: $110,781.87 + $26,742 + $154,439 = $291,962.87House Hacking net worth boosters minus expenses = $291,962.87 - $201,412.76 = $90,550.11(The home equity for year five is calculated using the downpayment + appreciation + loan paydown)House Hacking Vs RentingHouse Hacking net worth after 5 years: $90,550.11Renting net worth after 5 years: ($40,963.52)Leaving you a net worth benefit of $90,550.11 - ($40,963.52) = $131,513.63Here is a screenshot from our calculator on the difference in monthly payments between Renting vs House HackingThe winner is clear.
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22 March 2024 | 19 replies
Here are some considerations to help you make an informed choice:Risk Tolerance: BRRRR projects frequently include more risk, particularly in the event that the refinancing fails to recover all of your money.
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21 March 2024 | 1 reply
Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!