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22 February 2024 | 50 replies
For those that had loss of use or ALE (alternative living expense) insurance, the insurance company was required to pay for your like-kind housing while you rebuild which includes furnishing the rental as well.
23 August 2016 | 3 replies
You do that because that 35% includes the cash buyer's profit on rehabbing it along with holding costs and other things.
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1 September 2016 | 30 replies
These people include:@Dave Short@Shawn Holsapple@Ryan Mullin@Will Hull@Brett Snodgrass@Stephen Barton@Don HarrisAccount Closedand many more I'm forgetting at the moment.
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1 September 2016 | 4 replies
It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?
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29 August 2016 | 3 replies
@Arthur LeaoThe Roth IRA likely does not factor into your strategy as you have described it.The Roth IRA is not sufficient to purchase a property outright or with a non-recourse loan.The Roth IRA cannot be combined with personal funds to create a deal, since it is not sufficient to do a deal on it's own.It sounds as if you want access to the income.While an IRA may invest in real property, doing so is a way to diversify the IRA savings, not a way to bring that IRA money into your real estate deals.
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30 August 2016 | 8 replies
The the lowest downpayment FHA loans allow is 3.5%), so I would need $ 7,000 cash not including closing cost.
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3 September 2016 | 3 replies
I believe the total cost of the course was around $600 which includes the year long access to the course, and two textbooks.
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5 September 2016 | 10 replies
Online marketing consists doing a combination of things so your site ranks higher in the search engines.
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3 September 2016 | 4 replies
This includes economists with Ph.Ds, some of whom may very well be netting $1bn and drinking with Buffett, in which case we should ask why they are posting about it on biggerpockets rather than turning that $1bn/yr into $2bn/yr.If on the West Coast, a short-term day-trading predictor that is >45% but <60% accurate is the 10 year tnote.
13 September 2016 | 20 replies
But as an investor, your huge advantage is a combination of lower housing price with growing market rents (due to more people who used to buy currently preferring to wait out the market).