Heather S.
Mid-term cleaner recommendations/suggestions/feedback
9 April 2024 | 4 replies
Hey Heather, If you're looking to improve your cleaning process and free up some time, Turno definitely worth it!
Javier Carrizosa
What is real net worth when on investment properties?
5 April 2024 | 4 replies
So the main definition of net worth to my knowledge is, after selling all assets minus liabilities you get your net worth.
Ardian Selimi
22 with 200k liquid looking to get my first property
9 April 2024 | 3 replies
I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more.i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)
Ryan Cleary
Evicting a tenant to sell a house
9 April 2024 | 9 replies
Anyways, would you suggest trying to evict her myself or is it worth spending the money on a lawyer to have this done properly?
Joseph Ribaudo
Colorado Springs - New investor excited to learn and build connections
8 April 2024 | 6 replies
There are many buyers who purchased in 2020 to mid 2022 who may owe more on their home than it is worth and need help to move on.I recently purchased a home with an assumable loan in November of 2023 with a 3.08% interest rate during a time when new loans were being written at over 7.5%!!
Sabrina Savillo
Should I keep rental or sell and buy 2
8 April 2024 | 8 replies
Is it wiser to hold the good rate or have two properties increasing in value ?
Manny Martinez
CASH OUT REFINANCE
9 April 2024 | 16 replies
My realtor did a comp search and says the home is worth about 730 with the comps in the area, I spoke to a bank in regards to Cash out refinance and I can pull out 80k (which I will use to buy another property) my mortage will be 3k per month...my only issue is that my interest rate is 3.75 on my current mortage and will be 4.6 on the refinance but will be getting rid of the fha loan.
Justin Ake
On seller side of seller financing
9 April 2024 | 11 replies
After 5 years you get the remainder of the note back or 300 more payments at $733.76 and the note is still worth a bit over $95k - $95,069.86 to be precise.YearInterestPrincipalEnding Balance1$7,969.81$835.36$99,164.642$7,900.48$904.70$98,259.943$7,825.39$979.79$97,280.154$7,744.06$1,061.11$96,219.045$7,655.99$1,149.18$95,069.86
Elvis Occ
NAR failed us all!
9 April 2024 | 37 replies
But, the problem is NOT on the buyer rep side; the problem is that listing gets 1/2 the commission and is probably worth 1/4 AT BEST.
Joshua Randall
Purchasing a Rental for College Students
7 April 2024 | 5 replies
Is it possible to increase your income with your current full time job to get the down payment yourself quicker?