Kelvin Boyd
Buy now or continue to save?
20 May 2024 | 14 replies
I'm a real estate agent, investor and developer in central Houston (i build duplexes).
Pari Z.
Seeking First Investment Property to Start Build Generational Wealth
17 May 2024 | 12 replies
Your commitment to building a portfolio of long-term rental properties is truly inspiring.Best of luck on your journey!
Eric Crump
Deal Machine App Beneficial
22 May 2024 | 77 replies
I know how to find a building owner using county records, so I cross reference for the most recent name on title.
Ugo O.
Starting out as a Candian looking to invest in the USA
20 May 2024 | 10 replies
I believe that starting out, you would need to find an investor lawyer and accountant to help you set up the legal entities in both countries, then research your market, find financing, build a team, and so on.
John Hickey
Hard money horror stories. Let’s hear them
20 May 2024 | 6 replies
The purchase price was 1.375m The property was 8 buildings of 40 or so units scattered in a D area with F tenants.
Karan Shah
Good area to invest in dallas
20 May 2024 | 6 replies
Tarrant county is so overlooked by landlord investors but it seems the list of large companies building large facilities with lots of employees on the Fort Worth side is never-ending.
Arthur Vivero
virtual wholesaling , Building Buyers list for Fix and Flip Investors.
17 May 2024 | 5 replies
Me and my Partner have a deal under contract out of town but the greatest challenge is finding buyers in that market.Feels like we called every line available to find buyers in the area but we haven't struck a solid buyer any suggestions on building a buyers list or finding buyers interested in Fix and Flips Near WACO.
John Oks
Hello, nice to meet everybody, I am new here!
20 May 2024 | 6 replies
Currently, I am a district manager for Build 2 Rent, specializing in new construction properties in Florida and North Carolina.
Pratik Kochar
Input on Investment opportunity
20 May 2024 | 1 reply
Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.