Breshawn Hawthorne
New to Charlotte, just wondering what’s going on in the market ?
8 October 2018 | 4 replies
Everything is going on in the market.Charlotte has one of the most active RE markets in the US.This is an extremely broad question, but some basic economic research on RE trends for the area should paint a good picture for you.
Joe Xie
Rental house be put on craigslist fraudulently
29 September 2018 | 18 replies
Do this for every advertisement because they will steal pictures from Zillow or Trulia and create fake Craigslist ads, also.I started watermarking my photos years ago and haven't had a single fake ad since.
Corey Perdue
Form of house hacking??
27 September 2018 | 0 replies
opinion.In a very general overview, I current own my home with a mortgage payment around 1150 and have done a comparative market analysis on the rent in my area and they are anywhere between 2000 and 2750.With that being said, I have been entertaining the idea of renting this house out and down sizing/grading a bit and purchasing another home to live in.Essentially, estimating this on the low conservative end of the spectrum from my "due diligence", it appears as if I rented this out I could cover my mortgage for my current home and then also cover the mortgage on the new primary residence.What are your guys' thoughts on this?
Sergio Aguinaga
rental steps questions
28 September 2018 | 2 replies
Note: I am aware of online applications like cozy that makes sure they fill out and pay their background/credit check but the applications for those types of software doesn't cover everything I want to ask and Brandon suggested paper applications is the way to go so it being my first rental I'll follow his advice on that but I just need a robust way of doing it.3.
William Huston
Your minimum numbers per door? just curious....
5 October 2018 | 21 replies
That normalizes your #s across various investing opportunities and gives you a true picture of how you're performing.
Anthony O.
Does a refi make sense?
29 September 2018 | 10 replies
If you can get 100% financing, will its rent return cover both the mortgage and its other ongoing expenses?
Giovanni Luna
Houston area networking
28 September 2018 | 6 replies
Also I noticed you didn’t have a picture so please forgive me for asking but are you male or female?
Jonathan Liu
Wholesaling or "Flipping" Rent Controlled LA Duplex
2 October 2018 | 3 replies
The problem is that one of the two units is covered by the rent control ordinance in LA, and she cannot evict the tenant.
Chaim Rosenstadt
Tax on turnkey Cash Flow
12 October 2018 | 14 replies
My question was how people "deduct"/don't pay tax on those expenses.To provide numbers, again this on a property, but not one I currently own (tenant in place for 1 year so no ads, turnkey so should have low repairs, but I still use 8%).income 1250$/monthTaxes 177$/monthInsurance 100 $/monthmgmt fees 100$/monthmaint 100$/monthVacancy (not actual money put aside) 125 $/monthCapex 183$/monthmortgage 440$/month of which Interest 4000K/year (330$/month)monthly expenses:1225$/monthprojected net income: 25$/month Your expenses remain the same (I guess they could decrease if you're covering utilities or something) when you're vacant, so you'll likely lose money each day you are unrented.
Gary Lawson
Trying to Figuring out the BRRRR Formula
3 October 2018 | 8 replies
Factoring in the mortgage, I came out at $90.68 (526.27 Net Operating Income - $435.59 mortgage) as my monthly cash flow.So here are my questions:Am I correct in thinking that I can finance $100,000 to cover my cash in, and use the difference between the appraised value and the financed amount ($41,000) as the minimum 20% equity to stay in the property that is needed by the bank?