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12 March 2024 | 7 replies
You should bet on all the other levers of real estate including the tax benefits, cash flow, mortgage paydown.
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11 March 2024 | 0 replies
Should the time 0 investment only include the cash investment (down payment) or the full purchase price (down payment AND mortgage amount)?
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11 March 2024 | 3 replies
Guys i have a question if i did the brrrr method all the way with the rent in the end..my question after i did the second mortgage of course... the equity i have in the property van i get Heloc on this or not ?
11 March 2024 | 4 replies
Working with a close friend who is our broker and my wife (who recently acquired her real estate license).I'm paying $2200 mortgage, if I could I would rent out, I want to be certain I can make a profit as I most certainly can't afford two mortgages.
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11 March 2024 | 4 replies
Mortgage, taxes etc amount to 1200 and HOA is 200.
10 March 2024 | 7 replies
However, it is important to carefully document the reasons for the transfer and maintain proper documentation to support the exchange.
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12 March 2024 | 24 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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11 March 2024 | 25 replies
yes there are definitely options out there offering upto 80% cashout as long as the rent covers the mortgage even or better .
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12 March 2024 | 13 replies
These are the properties we see investors have the most success with (some quitting their day jobs from the cash flow).Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties where the condition isn't what it appeared to be and/or the tenants never pay rent.
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11 March 2024 | 7 replies
You will have a place to live and have other people pay down your mortgage.