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17 June 2022 | 8 replies
I am feeling like I am in a tough spot and am getting stressed out by all of this.
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21 April 2022 | 6 replies
Or you are super desperate to trade a good stress free performing investment for the “opportunity” to try to make a better investment, that hopefully will perform better and yet not make your life worse.
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23 April 2022 | 6 replies
Short term goals: Accumulate 200k in cash ASAP Long term goal: 15k cash flow Numbers:-Bought in October 2020; VA loan; 2.75% (2.94% APR); $6.5k in closing cost -Purchase Price: $685k; after funding fee total loan: $701k; currently outstanding loan: $679k-Since then, increased total rent from $4,200 to $5,160-Operating expense: $1,650 (using $200 for routine repairs/maintenance cost)-NOI: $3,312 (using 4% for vacancy)-Mortgage (P+I): $2,861; Total mortgage payment: $3,505-Total monthly expenses: $4,967 (using 5% for cap ex…which is conservative as opposed to 10%)-Monthly cash flow: $193-Annual cash flow: $2,313Reasons to hold: -It is a stable, generally stress-free property. 3 of 4 units have been great long term tenants-Low interest rate at 2.75%-It is in a reliable area that will steadily appreciate -I don’t necessarily need the capital right now.
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22 April 2022 | 3 replies
The affordability problem is getting worse and worse, and society's shift to the right in the last 24 months makes it seem like that policy change is more likely to come in the form of supply side subsidies than rent control style policies.
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6 June 2022 | 20 replies
You WILL have tire kickers, and you WILL lose deals because one of these tire kickers couldn't close in time, and you want to have less stress dealing with buyers.
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26 April 2022 | 9 replies
The market is at a peak so you can get a good price and escape the stress of this legal fiasco.
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24 April 2022 | 11 replies
Stress test them, and if still yes and everything else checks out, no reason not to do the deal.
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27 April 2022 | 10 replies
At the very least it will be a big hassle and stressful.
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28 April 2022 | 10 replies
Which I think will help alleviate a lot of the stress long term.