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2 July 2024 | 6 replies
If it is light, a dscr purchase would be a great option as it is typically 30 year fixed and around 7% give or take depending on cash flow, credit, and leverage.
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2 July 2024 | 20 replies
.: I would love others to look up their market stats but I am not seeing mobile homes as depreciating assets in regards to their resale value.We bought a mobile home Dec 31st 2017 for $55,000 because the guy needed cash before Jan 1st.
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2 July 2024 | 17 replies
Hi Ant,As MP mentioned.Hire good property management.You have a few solid options in town.If you manage yourself, you will save on fee's but IMO it's like tripping over dollars to pick up pennies.Investors should focus on the next deal and scaling their portfolio while not being bogged down with minutia.And there is a tonne of "minutia" when it comes to property management.Sure, you can manage 2-3 or 4 properties.Managing 10+ is a different story and a full time job almost.Wishing you much success
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3 July 2024 | 25 replies
The first few years are zero cash flow, but then 5-8% CoC from years 3 to 7 or so.
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2 July 2024 | 3 replies
You can refinance next year when rates drop, which could lower your mortgage payments and give you some extra cash.
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2 July 2024 | 0 replies
Purchase price: $45,000 Cash invested: $12,000 Sale price: $124,000 Old single family home I flipped with some structural repairs, sanding and refinishing original hardwoods, new kitchen, light bathroom update, paint inside and out, and other cosmetic touches
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2 July 2024 | 3 replies
From cash flow point, not sure if it would make much sense to invest 180k to have an income of may be 900$/ month (that is if we dont use loan).
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1 July 2024 | 6 replies
Allowing people to “know the space” before they come out will save you an enormous amount of time by prescreening people who have no interest in that rental’s layout.
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3 July 2024 | 14 replies
They pay me good monthly cash flow and are paying off my mortgages, and I do them a solid once in a while and let them improve my homes the way they want.
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27 June 2024 | 0 replies
I expected the portfolio to be about -$1k / month in cash flow after this.