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9 July 2024 | 9 replies
However, the good software will let you have as many charges as you want per month and the Tenant can make one payment to apply to each charge.You have enough units that it may be worth looking at Buildium.
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8 July 2024 | 21 replies
The market doesn't care what you desire for cash flow....it only yields the same cash flow that every other property will have.
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9 July 2024 | 27 replies
I usually say something to the effect of I (or my client) wants to offer $X, is it even worth the time of writing up the offer?
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9 July 2024 | 5 replies
We moved out in June 2023, and since then, I've been renting it out, generating around $1,450 in monthly cash flow, not counting variable expenses.
9 July 2024 | 1 reply
However they haven't had any other offers and it has been on the market for roughly 70 days.At the accepted offer rate our mortgage would estimated be:Year 1 - $5231Year 2 - $5750Year 3-30 - $6292Each of the 3 units would rent for an estimated 2-2.5k totaling roughly 6k-7500 per month in income depending on what we can rent each unit for.So with all that being said, conservative numbers the triplex would cashflow roughly 1k per month assuming we don't live in it and have all 3 Units rented.That seems like razor thin margins, especially when factoring in expenses so my question is:What is the cash on cash net return per month you would look for in a triplex deal like this?
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9 July 2024 | 6 replies
I have a little over 100k in cash.
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11 July 2024 | 24 replies
Paid 40k cash Of you need anything feel free to reach out, All the best
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8 July 2024 | 21 replies
Since the VA guarantee is really only worth maximum about 140 grand or so I think currently, each house would have to have been $300k or less in order for that to work.
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9 July 2024 | 3 replies
Hi, I'm wondering with the market like is right now, high interest rate and just having $30k cash and having a regular mortgage.