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Results (10,000+)
Pratik Kochar Input on Investment opportunity
20 May 2024 | 1 reply
Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.
Kelvin Boyd Buy now or continue to save?
20 May 2024 | 14 replies
When rates drop, you can always refinance and your cash flow will be even better! 
Tanner Webb Making the jump to a second property
19 May 2024 | 9 replies
If your rent is at $1950 with a mortgage of $2650 your negative (-$700) cash flow.
Daniel Stoychev Favorite part to invest in
19 May 2024 | 7 replies
It is the 3rd largest MSA in the USA, and you can still find cash flow on deals of any size. 
Cameron Hamidi Tenant breach of contract on smoking
20 May 2024 | 11 replies
This is the sledgehammer to be used only if this is a major issue for you and you are willing to take the cash flow and renovation impact now.I would do #1 and #2.
Tori Coil Searching for Flips in 2024 Central FL
20 May 2024 | 3 replies
The problem with rentals is not enough cash flow initially.
Gary Stern Cash Flow Positive Properties in Ski Resorts Towns
16 May 2024 | 13 replies
Hi Everyone - I'm interested in finding Cash Flow Positive Properties in Ski Resort Towns.
Rich Davis Cash Flow vs.
16 May 2024 | 7 replies
In a buyer's cycle, there is more cash flow.
John Wallace How to use DSCR loan to acquire more properties
19 May 2024 | 2 replies
I have been considering a DSCR loan on the Townhome to get some of our cash out of it. 
Matt Smith Loan for house hack and/or airbnb
21 May 2024 | 13 replies
They can also help you figure out rental income, costs, and cash flow.