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$10,000 to Invest in MARKETING. Direct Mail or Google PPC?
14 November 2018 | 2 replies
If you are new and do not have other online profiles (Facebook, LinkedIn, no Google Business Page / Reviews) this can be a bit risky as the savvy internet user is not going to just toss up info.
Bill Goodland
Redfin, Realtor, Zillow, Trulia..who to trust for accurate taxes?
14 November 2018 | 3 replies
I know it is possible to individually search county records for each properties' county website which I will absolutely do once I am ready to make an offer, however when I am simply browsing properties online without MLS access, I don't think that should be completely necessary just yet.
Priyanka K.
Exploring New Neighborhoods for Buy and Hold
21 November 2018 | 2 replies
All sorts of things that aren't online.
John West
How does my credit/debt look after getting several loans in LLC?
14 November 2018 | 5 replies
You should be able to pull a free copy of your credit report on line in only a few minutes, to double check it of course.
Frederick McCree
Is it possible to find an investment property in CA?
14 November 2018 | 1 reply
Once the tenant moves in next week I should have about $1,500/month in positive cash flow between my 3 condos, plus I’ve created about 150k in equity with only putting 72k total cash invested so I’ve double my investment and earning solid cash flow.
Nerissa Marbury
Charging tenant for stove repair that equates to replacement
16 November 2018 | 56 replies
Based on one brick and mortar merchant in my property's city and one online source that still had pricing available, the part cost between $326.21 and $355.42 excluding labor.
Felipe Rodriguez Egana
Any advice on how to procede first deal?
14 November 2018 | 1 reply
Online on the MLS, we made an offer that was rejected so we went in escrow on a different property, while in escrow we recieve a phone call asking if we where still interested and we came back with same offer but a very strong 1 month closing with us performing our own home inspection.
Jacob Breazile
First Duplex Purchase
22 November 2018 | 22 replies
CapEx is included, but is considerably lower because it's a very new, excellent condition property (I considered things such as paint, appliances, flooring that would be needed while we still own the property).Purchase Price $350,000Purchase Closing Costs $1,300Total Project Cost $351,300ARV $350,000Down Payment $12,250Loan Amount $337,750Amortized for 30 yearsLoan Interest Rate 4.6%Monthly P&I $1,731.46Total Cash Needed $13,550.002% Rule 0.85%Initial Equity $12,250Monthly Income ($1500 per unit) $3,000 Monthly Expenses (Including CapEx) $2,607 Monthly Cashflow $392 Pro Forma Cap 7.28% Total Cash Needed $13,550.00Cash on Cash ROI 34.73% Purchase Cap Rate 7.28%Est Vacancy $150PMI $200Est CapEx $63Insurance $80P&I $1,731.46My only major concern is that I'm not meeting the 2% rule (and just short of 1%, even), but this is probably the closest property I've seen, and has a significant cash on cash ROI.
Matthew McNeil
Are you willing to invest in RE appreciation with 2 caveats?
17 November 2018 | 55 replies
I totally get why they want to buy their rental portfolios and if at the end of the day they make a grand or two a year on a house and it becomes paid for by the tenant thats still a good out come
Edgar Ortega
First home turned into a rental
14 November 2018 | 4 replies
It has a climate control unit that allows total comfort year-round, regardless of the weather outside.