Mark S.
Funds that invest in single family homes
8 October 2016 | 4 replies
I know of a few funds that offer preferred returns, and project double digit returns in total.
John Young
New member -DFW
5 October 2016 | 1 reply
In the meantime I am looking for investment SFR's in the 85-125 range in which to use the remainder of my capital from my first sale as a down payment.
Joel Owens
New Construction Multifamily - Does it work or not?
6 October 2016 | 2 replies
You then have remodeled to sell to middle class, but they all started moving to homes, and now you have to get working class, that cannot support your rent payments needed for you to make a profit because of all your improvements or refinance.
Tom Webber
Agents Unite: I'm SICK of Having to Defend My Job!
6 October 2016 | 4 replies
So maybe at the end of a transaction the agent who procured the deal might only walk away with enough to pay their car payment for the month or whatever.
Ashton Sharp
When and how to refinance
7 October 2016 | 7 replies
In many cases, you could also drop down to a 25 year fixed, keep your payments ballpark the same (higher P&I payment, but no mortgage insurance, so a wash), but end up debt-free years sooner.
Account Closed
Strategies for Self-Managing STR's
6 October 2019 | 37 replies
This will allow me to know if there is any fraudulent activity.I require renters to send me a copy of their drivers license and they pay a $300 security deposit.I still mow the grass myself even though house is an hour away because I like to check on things but I could easily outsource this and rarely have to visit property.Homeaway takes the payments, maintains a calendar and website with pictures and details of the property.I wanted to offset the ownership of a lake house, then very quickly it started paying for itself.
Miles Stanley
First BRRRR deal - need advice
6 October 2016 | 9 replies
Purchase data:Asking price: $85,000My offer price: $73,500ARV: (per Redfin sold data) ±$110,000 Rehab: guessing around $10,000Closing/inspection, etc: $650 (i have no clue on this number)Holding Costs: $1,147 assuming about 2 months for rehabCash Purchase - all in for $85,297Income data:Rent: $1,050 per month (from zillow area rent data)Expenses (monthly):HOA: $17Insurance: $60Taxes: $166.67Vacancy: $52.50Repairs/maint: $52.50CapEx: $105.00Property Management: $105.00Total: $558.67NOI: $491.33 ($5,896 annual)Refinance:LTV: 75% of ARVLoan amount: $82,500 @3.75% for 30 years (estimated)Payment: $382.07Refi fees: $2,500 (assumed)Total cash invested post refi: $5,297.33 ( I'm not sure if i calculated this number correctly, any input would help me greatly!!)
Andy Welmers
Student Rentals - utility bills?
2 February 2017 | 9 replies
Students are willing to pay a premium for the easy of a single payment.
Zoe Mercier
Got offered an owner financing deal for rental property - advice?
5 October 2016 | 8 replies
We are thinking that if the monthly payments are around $700-$800 then the mobile home will be the cash flow until we decide to maybe do something else with it like build a duplex or something or sell if we can divide the properties at some point.
Nicole Romano
Interior Designer Here to Help You, Yes You!
5 October 2016 | 2 replies
A lot of design questions can easily be answered with pictures and digital correspondence.