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Results (10,000+)
Shannon Smiley-Landry Rental Property Insurance
27 August 2017 | 20 replies
Then once I joined my husband and children qualify to be members.
Michael Miller 2 Deals: Which is better?
18 March 2015 | 3 replies
I have two deals, but I can only finance one.First deal: 4-Unit Building for Buy-and-Hold-28,00 down, 188,000 asking price (about 85-90% market value assessed through comps)-owner financed for two years with refi-balloon, owner pays insurance and taxes AND will take ALL of my payments toward principal (28,800 over two years), leaving me with 131200 left on principal after the two year period-property is in a small, clean, safe, and well-to-do 'podunk' town between three of four of this area's biggest cities, allowing less than a 20 minute commute to all of them-the property will likely need few, if any, repairs and cap-ex over the next few years as it was gutted and completely rehabbed 18 months ago-I would be paying ALL utilities and internet access, at least for the first two years prior to my refinance-proforma: After Purchase Rents 3000 Facilities income 100 Gross Operating Income 3100 Taxes 100 Insurance 90 Vacancy @8.33% 250 Maintenance @6% 180 Management @10% 300 Refuge 20 Water / Sewer 100 Cable 150 Gas and Electricity 400 Net Operating Income 1780 Debt Service 600 Cash Flow 1180 During 2yr LeasingRents3000Facilities income100Gross Operating Income3100Taxes0Insurance0Vacancy @8.33%250Maintenance @6%180Management @10%0 (I will manage)Refuge20Water / Sewer100Cable150Gas and Electricity400Net Operating Income2050Debt Service1200Cash Flow780Deal Two: 3/1 for partial rehab and flip OR buy-and-hold-in a family-neighborhood with good schools (where children in the public schools get free college eventually), in the wealthiest and fastest growing of those 3 cities mentioned above-needs a 50% rehab (ALL new appliances, new kitchen, new windows, full cosmetic throughout-has a basement and space for a master bath to make it a 3/2-comps in the area run 80K to 100k-monthly rental price could be 1100-1300-buying it from a wholeseller with whom I could establish a relationship for future benefit-Estimates: Purchase Price 19000 Repair Costs 24000 After Repair Value 90000 Purchase Price % of ARV 21% 6% Agent Commision 5400 Closing costs 1200 Carrying Cost 4mths: tax 580 CC: Utilities 1000 Net Profit 40200
Raechelle Carroll The 5 Best Pieces of Advice I Can Give
22 March 2015 | 15 replies
If you are shy, don't want to quit your job, have children, are married etc. then you must take those things into account before choosing an investing strategy.
Shanee Adkins Newbie Here (:
23 March 2015 | 16 replies
I've never been so inspired/motivated EVER in my life.
Doug W. My first flip - I broke even
7 August 2015 | 78 replies
Doug W.Really appreciate the very inspiring and sincere post.
Christopher Salazar What do YOU do to get motivated???
23 March 2015 | 8 replies
Watch videos on YouTube about inspiration and motivation.
Justin Sandall To increase rent or not to increase rent
13 March 2015 | 23 replies
It's more effort to find a new home when children are involved, as schools and other amenities play into the picture - as well as the costs of moving and the fact that rents are often comparable in good areas.
J Scott Are You Looking For a Mentor? Are You Sure?
23 March 2015 | 10 replies
The way you freely give of your time and knowledge is truly inspiring
Amma Boateng New Member from Dallas, TX!
16 March 2015 | 13 replies
I'm not married, no children, and I think it's an ideal time for me get started.