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6 February 2024 | 14 replies
Most importantly, my risk is very low because obviously I can take the property back if the buyer doesn't pay.
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5 February 2024 | 5 replies
I used to want a Beach rental but now when I look at them the ROI is so low.
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4 February 2024 | 14 replies
The primary goal would be to utilize the cashflow to at worst break even on costs associated with financing, management and maintenance costs.
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5 February 2024 | 4 replies
It seems like an amazing opportunity for me to move to a much more desirable area with very low mortgage expense.
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4 February 2024 | 6 replies
Did you do it to just get out from under the maintenance?
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5 February 2024 | 7 replies
If it's too thin that a property tax or insurance hike takes you too low in cashflow, it might not be worth it.Good luck!
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6 February 2024 | 21 replies
Agents shouldn't suggest we charge very low wholesaling fees without knowing everything involved.
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7 February 2024 | 20 replies
The beam currently sits too low for current rules.
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6 February 2024 | 25 replies
What I would encourage you to do is to compare how much cash you currently have invested out of pocket in the deal and also calculate what the cash flow is for that property.Cash flow is the income (rent) minus all expenses: mortgage payment (including principal, interest, taxes and insurance), average maintenance costs, capital expenses (new roof, hvac, water heater.
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6 February 2024 | 7 replies
As a business owner myself, I would not want to claim association with, let alone endorse a low-quality company with deceptive business practices, like WealthAbility – it just reflects poorly.