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10 September 2024 | 10 replies
I still (strongly) believe that supply will pick up in the spring once STR owners are disappointed with 2021 holiday figures, deteriorating property values on the mountain.
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10 September 2024 | 23 replies
Can you tell me how/where to get the free account because when I went to their site, I only see that there's a free trial for 15 days and then after the trial, the least costly account is their Starter Package which is $10 / user / month (billed annually), or $12 / user / monthly.
14 September 2024 | 10 replies
HI Shivani,Each individual property would be calculated separately based on when you purchased it (tax returns or lease agreements used either or or both in some cases) which the lender would subtract from the monthly PITI or mortgage obligation/taxes/insurance/assessments/etc.All the rentals whether positive or negative would then be added up into one number (net net).
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15 September 2024 | 14 replies
I even had two lenders lined up in Idaho, and switched to one that got me 6.3%.
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11 September 2024 | 16 replies
Filter by these types of properties and see if you find any realtors who pop up frequently.
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9 September 2024 | 1 reply
However, this year, Party City has switched up its strategy.
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5 September 2024 | 1 reply
Hi,I set up my 1st LLC this year for a rental and start to realized that I can't do the eviction by myself anymore.
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7 September 2024 | 8 replies
@Deangelo Mack - when I buy a property, I review the leases and draft up the estoppel.
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7 September 2024 | 85 replies
This means you will not sign a personal guarantee on the loan to the 401k.
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12 September 2024 | 6 replies
Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.