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12 January 2025 | 23 replies
Paying for the fundamental knowledge of how to invest is total bull$hi+ and it makes me mad.
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7 January 2025 | 12 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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30 December 2024 | 1 reply
Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender How did you add value to the deal?
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5 January 2025 | 39 replies
So the total return is probably better than just the 'cash flow.'
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5 January 2025 | 12 replies
With that being said, appreciation is certainly something to always consider here in SD.Example of current property for sale, $1,800,000 asking price (25% down) - 4 units $10,200 total monthly rents (pro forma) - rental market has seen softening as of late$9,770/month after assuming 5% vacancy rate.$8,981 mortgage at 7%$2,918 expenses monthly 33.38% of Gross rental income (Prop mgt, maintenance reserve, utilities, Prop Taxes, Insurance, other)$6,852 NOI/monthly ($2,129) negative monthly cash flow..Same scenario with 50% down, $864 positive monthly cash flowNot saying it's the best use of capital or the only way to do it, instead providing an example using an available market opportunity to share what the numbers look like.
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2 January 2025 | 12 replies
The dscr loan is requiring 25% down, and 13000 in closing for a total of 48.
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1 January 2025 | 4 replies
If you take the $653K out of loans and put it in the cash line there would be no change to the total adjusted tax basis and therefore capital gains would be the same.
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4 January 2025 | 11 replies
Some places do this annually, some places do a portion of the town every year giving them a total cycle of about every 4 years, and in my area it’s common to do a whole town reevaluation every 4-5 years.
3 January 2025 | 10 replies
If the Ensuing damage is also not covered, the total loss could be vastly higher.