Ryan Marble
Cash on cash return
20 March 2024 | 21 replies
I start with the paid version of AirDNA but also use the enemy method and you can check out bnbcalc as well.
Mary Jay
When would you buy a property with a negative cashflow?
22 March 2024 | 88 replies
If you make $1MM in a year and are writing a $300k check to Uncle Sam and could wipe most of that out by buying a property that breaks even or loses a few hundred bucks per month, that's a pretty good trade.If you are trying to quit your day job- that's a different story.
Benjamin Carver
3 Raleigh NC Suburbs Where Owning is Cheaper Than Rent
19 March 2024 | 7 replies
But if you're looking to beat rent, get *closer* to breakeven or even cashflow (depending on rent strategy) then definitely check these out and reach out anytime with questions.
Renande Emile
I purchased an HOA lien at foreclosure auction, bank owned
19 March 2024 | 16 replies
If you get a property for $15k at auction here in SFL and it's worth $250k, you just lost your money 99/100 times.A $55 title check goes a long way.Only options you have is to rent until bank kicks you out to try and recoup some investment, if it needs fixes don't put money into it, you will not get a penny back from anyone.
Michael Lipari
1031 Exchange For Newly Renovated Property
19 March 2024 | 12 replies
Also check out the IRS Fact Sheet FS-2008-18.
Christian Rodriguez
Can i take out all of the money out of a 401k account ?
18 March 2024 | 23 replies
Check with your company’s plan.
Robert Kvalheim
Lance Edwards No Money Down Apartment Buying FRAUD
19 March 2024 | 11 replies
So glad I checked in here first.
Josh Ricord
First Post College Investment- FHA 203K House Hack
19 March 2024 | 24 replies
A 3.50% down payment off that is 8750.00 leaving a base mortgage size of 241,250 then add the regular FHA Mortgage Insurance Premium or MIP that is 1.75% of your loan amount, or 4221 ( an up front fee FHA charges to fund their programs) which is usually added to the loan so you dont pay it in cash, then total loan is 241,250 + 4221 = 245,471.