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14 October 2021 | 2 replies
Determine what your goals are and find someone that has had success in those.
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14 October 2021 | 4 replies
I plugged all the numbers into the Rental Property analyzer calculator, as modest as possible trying to determine what my unit would cost me after subtracting all other expansive, for example, 5% on Maintenance, vacancy, capital ex, and 11% management fees. that number is roughly $900 a month or $10,800 yearly that I would be responsible for. both scenarios look like this A) Primary Resident: 69k (10% down + closing) +10,800 = 80k the first year VsB) Investment Property: 159k (25% down +closing) - $4704 ( $392 monthly cash flow) = $154,296 first year I feel that option A is the better option in year 1, but I can not figure out a true representation moving forward after the house hack is done and I replace myself with a tenet?
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19 October 2021 | 8 replies
However, you will still need to do your due diligence to determine if they're the right lender for you.
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23 October 2021 | 17 replies
That said, a lot of that credit has to go to myself (at risk of sounding conceded) as I personally had to show and deliver the drive and determination it takes to come this far.
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1 November 2021 | 26 replies
@Travis Heppe did you do a feasibility study to determine the highest and best use?
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18 October 2021 | 1 reply
That will determine how you invest that money.
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18 October 2021 | 2 replies
Margin interest example$187,000 for 6 months (180 days)Multiply loan amount by the effective rate: 187,000 x 7%Determine the daily interest amount: $13,090 / 360 = $36.36Calculate the interest due after 180 days: $36.60 x 180 = $6,588 + additional funds / holding cost interest for for rehab budget
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9 November 2021 | 11 replies
If faced with another recession the economics of each market will determine what is recession proof where I would argue nationally there is an over supply of storage but locally where I look at economic and fundamental data I evaluate the entire picture.
18 October 2021 | 0 replies
I had an interest in multifamily and after listening to BP and other big investors, determined that a multifamily house hack was the best way for me to start investing with a positive cash flow.
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20 October 2021 | 12 replies
@Scott Bell at the end of the day, it can be hard to determine if members on the forums are either being nagative or just upfront.