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20 May 2024 | 14 replies
After the closing cost, this home will probably cost me around 35k to purchase.I'll have 35k left to do another investment.
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20 May 2024 | 11 replies
Charge them for smoking remediation (#2 cost made real).
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22 May 2024 | 10 replies
.### Calculating ROI- **Total profit (not accounting for costs like maintenance, taxes, etc.):** Total amount received - initial investment = $601,816.40 - $235,000 = $366,816.40.- **ROI over 30 years:** ($366,816.40 / $235,000) x 100 = 156.09%.### Calculating Annualized ROI (CAGR)The formula for CAGR (Compound Annual Growth Rate) is:\[ CAGR = \left(\frac{Final\ Value}{Initial\ Value}\right)^{\frac{1}{Number\ of\ Years}} - 1 \]In your case:\[ CAGR = \left(\frac{\$601,816.40}{\$235,000}\right)^{\frac{1}{30}} - 1 \]Let's calculate this:\[ CAGR = \left(\frac{601816.40}{235000}\right)^{\frac{1}{30}} - 1 \]\[ CAGR = (2.56)^{\frac{1}{30}} - 1 \]\[ CAGR \approx 1.0303 - 1 \]\[ CAGR \approx 0.0303 \text{ or } 3.03\% \]This means your annualized return is about 3.03% each year over 30 years.
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20 May 2024 | 6 replies
In either scenario you want to make sure you account for the "cost" of the money in your deal analysis so you account for your HELOC or mortgage payments.
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20 May 2024 | 5 replies
Analyze potential investment properties based on factors such as purchase price, renovation costs, potential lease revenues, vacancy rates, property taxes, insurance costs, and ROI .
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21 May 2024 | 1 reply
Additionally, Millennials rely heavily on online platforms and mobile apps for property search, virtual tours, mortgage applications, and transaction management, reshaping the way real estate transactions are conducted.Delaying Homeownership and Embracing Renting: Despite their strong desire for homeownership, many Millennials face financial challenges, including student loan debt, stagnant wages, and high housing costs.
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21 May 2024 | 58 replies
Much like many of the so-called gurus, the cost for their "training" will eventually run into tens of thousands of dollars.
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18 May 2024 | 4 replies
Most do not realize the moment they get financing the mortgage/deed of trust is recorded and you cannot sign it "anonymous" or if you use power of attorney, you need to record the power of attorney and you cannot sign that "anonymous".I am curious, why do people want to remain anonymous?
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20 May 2024 | 11 replies
Yes, I had blue tapped up properties, made em come back 2-3 times at properties before and it sucks for all but my painter, he really get's on his guys for it BIG time, because it's costing him big time.
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22 May 2024 | 90 replies
I informed the bank of my mistake and he got repaid.Point being as @Casey Powers stated, electronic payments can be reversed outside of the 60 day window.